PIONEER FINANCE CO. v. LANE

No. 73-176.

502 S.W.2d 624 (1973)

PIONEER FINANCE CO., Appellant, v. Dorwon D. LANE et al., Appellees.

Supreme Court of Arkansas.

December 24, 1973.


Attorney(s) appearing for the Case

Sam Goodkin, Ft. Smith, for appellant.

Rodney C. Wade, Booth & Shaver, Ft. Smith, for appellees.


FOGLEMAN, Justice.

Appellant Pioneer Finance Company, a foreign corporation not authorized to do business in Arkansas, brought suit against appellees on a promissory note executed by them to Rainbow Industries and secured by a security agreement. Appellant alleged that prior to maturity, the note was assigned to it. The note, an exhibit to the complaint, was an installment note given for the balance of the purchase price on a Rainbow Home Conditioner. In their answer...

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