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SOUTHLAND MOBILE HOME CORP. v. WEBSTER

No. 77-267.

563 S.W.2d 430 (1978)

SOUTHLAND MOBILE HOME CORPORATION et al., Appellants, v. David WEBSTER and wife, Appellees.

Supreme Court of Arkansas, In Banc.

March 20, 1978.

Attorney(s) appearing for the Case

Nance, Nance, Fleming & Wood by Cecil B. Nance, Jr., Brick & Wallin by Jake Brick, West Memphis, for appellants.

Thomas G. Montgomery, West Memphis, for appellees.

GEORGE ROSE SMITH, Justice.

In 1973 one of the appellants, Southland, sold a mobile home to the appellees, the unpaid balance of the purchase price to be paid in monthly installments. The transaction was financed by the other appellant, Westinghouse Credit Corporation. According to the proof offered by both sides, the interest rate was slightly more than 10% per annum and was therefore usurious. After the purchasers had made 39 of the 72 monthly payments they brought...

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