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TAYLOR v. CERTAIN-TEED PRODUCTS CORP.

No. 5-3862.

402 S.W.2d 114 (1966)

Monroe A. TAYLOR et ux., Appellants, v. CERTAIN-TEED PRODUCTS CORP., Appellee.

Supreme Court of Arkansas.

Rehearing Denied May 24, 1966.

Attorney(s) appearing for the Case

Terral, Rawlings, Matthews & Purtle, Little Rock, for appellants.

Bethell & Pearce, by William M. Stocks, Fort Smith, for appellee.

WARD, Justice.

This case involves the question of usury.

On September 12, 1963 Mr. and Mrs. Monroe Taylor (appellants herein) and Certain-Teed Products Corporation (appellee herein) signed a written "Purchase and Sales Agreement" wherein appellee agreed to sell and appellants agreed to buy certain real estate. The sales price agreed on was $6360. The essence of the agreement was that appellants could pay the above amount in cash or they could pay it out by...

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