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SOUTHERN EQ. & TRACTOR CO. OF SHREVEPORT, INC. v. McCULLEN

Nos. 12667, 12668.

319 So.2d 511 (1975)

SOUTHERN EQUIPMENT & TRACTOR COMPANY OF SHREVEPORT, INC., Plaintiff-Appellee, v. A. D. McCULLEN and L. T. Brown et al., Defendants-Appellants.

Court of Appeal of Louisiana, Second Circuit.

September 3, 1975.

Attorney(s) appearing for the Case

Campbell, Campbell & Johnson by John T. Campbell, Minden, for defendants-appellants.

Bodenheimer, Jones, Klotz & Simmons by C. Gary Mitchell, Shreveport, for plaintiff-appellee.

Before BOLIN, HALL and DENNIS, JJ.

HALL, Judge.

These appeals are from summary judgments rendered in favor of plaintiff, Southern Equipment & Tractor Company of Shreveport, Inc., against defendants, A. D. McCullen and L. T. Brown, in two suits on a promissory note and two open accounts. The principle issues on appeal relate to (1) finance or service charges of 1½% per month charged pursuant to Act 313 of 1970 (formerly LSA-R.S. 9:3509; repealed by Act 454 of 1972, the Louisiana Consumer Credit...

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