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TRI-STATE EQUIPMENT CO. v. TEDDER

No. 81-9.

614 S.W.2d 938 (1981)

TRI-STATE EQUIPMENT COMPANY, INC., Appellant, v. M. C. TEDDER, Appellee.

Supreme Court of Arkansas.

May 4, 1981.

Attorney(s) appearing for the Case

Bill D. Etter, Jonesboro, for appellant.

Branch & Thompson by Robert F. Thompson, Paragould, for appellee.

HAYS, Justice.

Appellant, Tri-State Equipment Company, sold certain machinery to appellee, M. C. Tedder. Upon Tedder's failure to make payments on the equipment, Tri-State sued for replevin. Tedder answered that the contract for the sale of the equipment was usurious and therefore void. Tri-State is a Tennessee corporation admitted to do business in Arkansas. It concedes that if Arkansas law applies, the contract is usurious and void. Tri-State contends that effect...

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