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WOOLARD v. TEXAS MOTORS, INC.

No. 18459.

616 S.W.2d 706 (1981)

William H. WOOLARD, Appellant, v. TEXAS MOTORS, INC., et al., Appellees.

Court of Civil Appeals of Texas, Fort Worth.

May 21, 1981.

Attorney(s) appearing for the Case

Carl E. Mallory, Fort Worth, for appellant.

Akin, Gump, Hauer & Feld and Paul E. Galvin, Dallas, Baker & Botts, Randall A. Hopkins and Lee H. Gudel, Houston, for appellees.

OPINION

SPURLOCK, Justice.

This is a suit seeking to recover the statutory penalties on a contract alleged to be usurious.

William Woolard purchased a truck from Texas Motors, Inc. To finance the purchase the parties executed a retail installment contract. The contract was later assigned to Ford Motor Credit Company. It is Woolard's contention that this contract, on its face, violates three sections of Chapter 7 of the Texas Consumer Credit Code...

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