BROOKSHIRE v. COFFMAN

No. 85-86.

696 S.W.2d 748 (1985)

287 Ark. 112

Thelma BROOKSHIRE, Executrix of the Estate of Jessie W. Brookshire, and Raymond D. Anderson, Appellants, v. Gary D. COFFMAN and Wilma Coffman, Appellees.

Supreme Court of Arkansas.

October 7, 1985.


Attorney(s) appearing for the Case

Laws & Swain by William S. Swain, Russellville, for appellants.

Mobley & Smith by William F. Smith, Russellville, for appellees.


NEWBERN, Justice.

This is a mortgage foreclosure case involving the question whether the note secured by the mortgage was usurious under the law preceding Amendment 60 to the Arkansas Constitution. More precisely, the question is whether one who takes an assignment of a note which was not usurious when it was made may recover on that note when the transaction by which he acquired it consisted, in part, of issuing other...

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