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FLATO ELEC. SUPPLY CO. v. GRANT

No. 1722.

620 S.W.2d 915 (1981)

FLATO ELECTRIC SUPPLY CO., Appellant, v. Shane GRANT, d/b/a U. S. Electric Co., Appellee.

Court of Civil Appeals of Texas, Corpus Christi.

Rehearing Denied September 17, 1981.

Attorney(s) appearing for the Case

Frederick Rogers, Porter, Gonzalez & Rogers, Corpus Christi, for appellant.

C. M. Henkel, III, Corpus Christi, for appellee.

OPINION

YOUNG, Justice.

The central issue in this case is whether a service charge of 1½% per month imposed by the seller upon the unpaid balance of the business account of a purchaser was interest. The service charge was assessed in connection with the purchase of electrical supplies and equipment by Shane Grant, d/b/a U. S. Electric Company, from Flato Electric Supply Company. In the trial court Grant was plaintiff and cross-defendant; Flato was defendant...

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