OVERTON CONST. CO. v. FIRST STATE BANK, SPRINGDALE

No. 84-238.

688 S.W.2d 268 (1985)

285 Ark. 361

OVERTON CONST. CO., INC., Michael J. Overton & Vickie L. Overton, Appellants, v. FIRST STATE BANK, SPRINGDALE, Ark., Appellee.

Supreme Court of Arkansas.

April 15, 1985.


Attorney(s) appearing for the Case

John C. Everett, Prairie Grove, for appellants.

Roy E. Stanley, Springdale, for appellee.


HOLT, Chief Justice.

This is the second appeal of a case involving a default judgment on a promissory note. Our jurisdiction is pursuant to Sup. Ct.R. 29(1)(j).

The appellants executed a promissory note to the appellee which was secured by a mortgage on real property. When the appellants defaulted, the appellee filed a complaint to foreclose on the property. The appellants asserted usury as a defense in their answer to the complaint.

The trial court...

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