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GARRISON MOTOR FREIGHT, INC. v. HAMMONS

No. 81-198.

628 S.W.2d 567 (1982)

GARRISON MOTOR FREIGHT, INC., Appellant, v. David E. HAMMONS d/b/a Triangle Leasing Company, Appellee.

Supreme Court of Arkansas.

March 8, 1982.

Attorney(s) appearing for the Case

Hardin, Jesson & Dawson by Rex M. Terry, Fort Smith, for appellant.

Gean, Gean & Gean by Lawrence W. Fitting, Fort Smith, for appellee.

GEORGE ROSE SMITH, Justice.

The Court of Appeals properly transferred this usury case to us. Rule 29(1) (l). The contract in issue, a three-year lease of an accounting machine, is in many respects similar to the ostensible leases found to be usurious in Standard Leasing Corp. v. Schmidt Aviation, 264 Ark. 851, 576 S.W.2d 181 (1979), and Bell v. Itek Leasing Corp., 262 Ark. 22, 555 S.W.2d 1<...

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