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PEOPLES LOAN AND INVESTMENT COMPANY v. BOOTH

No. 5-4526.

431 S.W.2d 472 (1968)

PEOPLES LOAN AND INVESTMENT COMPANY, Appellant, v. B. B. BOOTH, Lydia Booth et al., Appellees.

Supreme Court of Arkansas.

September 16, 1968.

Attorney(s) appearing for the Case

Ball & Gallman, Fayetteville, and Franklin Wilder, Fort Smith, for appellant.

Walter Niblock and Richard Hipp, Fayetteville, for appellees-Booth.

Glen Wing and Charles W. Atkinson, Fayetteville, for appellees-Haggard.

WARD, Justice.

This appeal raises the issue of usury in two separate notes. To aid in an understanding as to how the issues arose we set out below a brief statement of the facts.

On August 21, 1963 the Peoples Loan and Investment Company (appellant here) loaned B. B. Booth and his wife (two of the appellees here) the sum of $5,500 (to pay certain debts) and also the sum of $40,000 for the construction of chicken...

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