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PARKS v. E.N. BEARD HARDWOOD LBR., INC.

No. 77-362.

565 S.W.2d 615 (1978)

Glenn A. PARKS, Sr., d/b/a Parks Products Company, Appellant, v. E. N. BEARD HARDWOOD LUMBER, INC., Appellee.

Supreme Court of Arkansas, In Banc.

May 22, 1978.

Attorney(s) appearing for the Case

William F. Magee, Lewisville, for appellant.

Jabe E. Hoggard, El Dorado, for appellee.

BYRD, Justice.

Appellee E. N. Beard Hardwood Lumber, Inc. of Greensboro, North Carolina, brought this action against appellant Glenn A. Parks, d/b/a Parks Products Company, for the $10,484.82 balance due upon an open account for lumber received by appellant on April 20, 1976, and April 27, 1976. Invoice # 5130, dated April 20, 1976, in the amount of $6,615.27 provided terms of "2% 10 net 30". At the bottom of the invoice is this notation: "interest charges of 1% per...

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