MID-STATE HOMES, INC. v. KNIGHT

No. 5-3200.

376 S.W.2d 556 (1964)

MID-STATE HOMES, INC., Appellant, v. Ellis KNIGHT et ux., Appellees.

Supreme Court of Arkansas.

March 16, 1964.


Attorney(s) appearing for the Case

Russell & Hurley, N. Little Rock, for appellant.

W. J. Dungan and James F. Daugherty, Augusta, for appellees.


GEORGE ROSE SMITH, Justice.

This is a foreclosure suit brought by the appellant upon an installment note and mortgage that originally evidenced a debt of $3,830.40. According to the complaint the indebtedness had been reduced to $1,980.80 when this suit was filed in 1962. The chancellor found the transaction to be void for usury and upon that ground alone entered a decree for the defendants, Ellis Knight and his wife. The appellant argues only the issue of usury,...

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