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GLEGHORN v. FORD MOTOR CREDIT CO.

No. 87-66.

737 S.W.2d 451 (1987)

293 Ark. 289

Larry GLEGHORN and Linda Gleghorn, Appellants, v. FORD MOTOR CREDIT COMPANY, Appellee.

Supreme Court of Arkansas.

October 12, 1987.

Attorney(s) appearing for the Case

David Smith, Meredith Wineland, Benton, for appellants.

W.R. Nixon, Jr., Little Rock, for appellee.

NEWBERN, Justice.

Larry and Linda Gleghorn sued Ford Motor Credit Company (FMC) seeking the constitutional penalty of double interest on a contract they alleged to be usurious. Summary judgment was granted to FMC. We must reverse and remand the case because the motion for summary judgment was not supported as required by Ark.R.Civ.P. 56(c).

The Gleghorns purchased a Ford Bronco. Their contract provided an interest rate of 13.9% per annum on the unpaid balance...

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