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WARD v. UNIVERSAL C.I.T. CREDIT CORPORATION

No. 5-1383.

307 S.W.2d 73 (1957)

Ed WARD, Appellant, v. UNIVERSAL C. I. T. CREDIT CORPORATION, Appellee.

Supreme Court of Arkansas.

November 25, 1957.

Attorney(s) appearing for the Case

Ralph E. Wilson, Osceola, for appellant.

Wright, Harrison, Lindsey & Upton, Little Rock, Reid & Burge, Blytheville, for appellee.

HARRIS, Chief Justice.

Appellant, Ed Ward, filed this suit to set aside a conditional sales contract on the ground of usury. Ward purchased a Dodge truck from the Louis George Motor Company, according to his allegations, for the sum of $2,580. He traded in two trucks for the new one, and contends he was allowed $900 for same, less a debt of $500 owed on the trucks to the Planters Bank, which was paid off by George. Ward signed a conditional sales contract for $2,831...

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