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FORD MOTOR CREDIT CO. v. CATALANI

No. 5-3355.

383 S.W.2d 99 (1964)

FORD MOTOR CREDIT CO., et al., Appellants, v. Pete CATALANI, Appellee.

Supreme Court of Arkansas.

October 26, 1964.

Attorney(s) appearing for the Case

Griffin Smith, Little Rock, for appellants.

William H. Drew, Lake Village, for appellee.

JOHNSON, Justice.

This is an action to cancel a conditional sales contract for usury.

On April 3, 1963, appellee Pete Catalani purchased a Ford automobile from appellant Hollis Motor Company at McGehee and executed a conditional sales contract to finance the unpaid balance of the purchase price. Appellant Ford Motor Credit Company, holder of the contract, has assumed all responsibility for the calculations of interest...

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