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MEARS v. ROOD

No. 5-2351.

345 S.W.2d 374 (1961)

Carl A. MEARS, Appellant, v. Fred R. ROOD and Universal C. I. T. Credit Corporation, Appellees.

Supreme Court of Arkansas.

April 17, 1961.

Attorney(s) appearing for the Case

Spitzberg, Bonner, Mitchell & Hays and Beresford L. Church, Jr., Little Rock, for appellant.

Wright, Lindsey, Jennings, Lester & Shults and Moses, McClellan, Arnold, Owen & McDermott, by Wayne W. Owen, Little Rock, for appellees.

JOHNSON, Justice.

This is an appeal from a chancery decree denying rescission of a contract.

The lawsuit was filed by the appellant, Carl A. Mears, to rescind a conditional sale contract dated May 26, 1958, under which the appellant purchased a 1956 Reo truck tractor from the appellee, Fred R. Rood, d/b/a Diamond T Sales and Service Company, for a total time price of $3,864.48, payable at the rate of $161.02 per month. The contract had been promptly assigned...

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