HOUSTON SASH AND DOOR CO., INC. v. HEANER

No. B-7412.

577 S.W.2d 217 (1979)

HOUSTON SASH AND DOOR COMPANY, INC., Petitioner, v. Beatrice Elinor HEANER, Independent Executrix, et al., Respondents.

Supreme Court of Texas.

Rehearing Denied February 28, 1979.


Attorney(s) appearing for the Case

Travis G. Wilson, M. R. Carr, Houston, for petitioner.

Jefferson, Naness, Valdes & Mims, Carnegie H. Mims, Jr., Houston, for respondents.


JOHNSON, Justice.

This is a case which presents a question of first impression—whether the charging of interest on an open account during the interest-free period specified in Article 5069-1.031 constitutes interest in excess of double that allowed by Article 5069-1.01, et seq., thereby subjecting the creditor to loss of principal, twice the interest charged, all other charges, and debtor's reasonable attorneys' fees as provided...

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