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

No. 5-1195.

301 S.W.2d 567 (1957)

Glen WHIDDON, Appellant, v. UNIVERSAL C. I. T. CREDIT CORPORATION et al. Appellees.

Supreme Court of Arkansas.

May 6, 1957.

Attorney(s) appearing for the Case

Melvin T. Chambers, Magnolia, for appellant.

Wright, Harrison, Lindsey & Upton, Little Rock, for appellees.

ROBINSON, Justice.

The issue here is whether a usurious rate of interest was charged on the balance owed on the purchase price of an automobile. Appellant, Glen Whiddon, purchased from Dolly Parker Motors, Inc., of Magnolia, Arkansas, an automobile for the price of $2,201.98. Whiddon was allowed $1,501.98 on his old car, leaving a balance of $700. He bought, through the automobile dealer, collision insurance, for which he was charged a premium of $210. He was also...

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