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OXFORD FINANCE COMPANIES, INC. v. GRAY

No. 48185.

317 So.2d 910 (1975)

The OXFORD FINANCE COMPANIES, INC., and Home Security Corporation v. Robert N. GRAY et ux.

Supreme Court of Mississippi.

September 9, 1975.

Attorney(s) appearing for the Case

Megehee, Brown, Williams & Corlew, Pascagoula, for appellants.

Ray S. Mikell, Kosciusko, for appellees.

Before GILLESPIE, SMITH and SUGG, JJ.

GILLESPIE, Chief Justice.

Robert N. Gray and his wife (hereinafter Gray) sued Oxford Finance Companies, Inc., and Home Security Corporation (Holders) in the Chancery Court of Attala County, Mississippi, for the recovery of interest claimed to be usurious. From a judgment in favor of Gray, Holders appeal.

On December 11, 1963, Gray purchased a house and lot from Allied Mortgage and Development Company, Inc., (Allied) and executed to Allied a promissory note...

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