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STIMSON TRACTOR CO. v. HEFLIN

No. 74-140.

516 S.W.2d 379 (1974)

STIMSON TRACTOR CO., Appellant, v. Allen HEFLIN, Appellee.

Supreme Court of Arkansas.

December 2, 1974.

Attorney(s) appearing for the Case

Gill, Clayton & Johnson by B. Kenneth Johnson, Dumas, for appellant.

Gaughan, Laney, Barnes, Roberts & Harrell by Harry F. Barnes, Camden, for appellee.

HARRIS, Chief Justice.

Appellant, Stimson Tractor Company, an Arkansas corporation engaged in selling Allis Chalmers farm equipment in Dumas, sold a new FR Allis Chalmers Gleaner Combine to Allen Heflin, appellee herein, pursuant to the terms of a security agreement. The purchase price was $20,115.21, the down payment being $5,115.21, and the balance of $15,000 due in installments spread over a four year period. Actually, the down payment consisted of a trade-in of...

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