ROWE AUTO & TRAILER SALES, INC. v. KING

No. 74-194.

517 S.W.2d 946 (1975)

ROWE AUTO & TRAILER SALES, INC., Appellant, v. Henry KING, Appellee.

Supreme Court of Arkansas.

January 20, 1975.


Attorney(s) appearing for the Case

Robert D. Smith, III, Little Rock, for appellant.

R. David Lewis and Griffin J. Stockley, Little Rock, for appellee.


GEORGE ROSE SMITH, Justice.

This action at law was brought by Rowe Auto, a used car dealer, to recover an unpaid balance of $580 due under a contract by which it sold a 1965 Chevrolet car to King. King counterclaimed for cancellation of the contract on the ground that it was usurious under Arkansas law and violative of the federal Truth in Lending Act. The trial judge, sitting as a jury, entered a judgment canceling the contract and awarding King damages of $1,000...

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