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VENTURE PROPERTIES, INC. v. FIRST SOUTHERN BANK

No. 95-1819.

79 F.3d 90 (1996)

VENTURE PROPERTIES, INC., Appellant, v. FIRST SOUTHERN BANK, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided March 7, 1996.

Attorney(s) appearing for the Case

Mark Howard Allison, Little Rock, Arkansas, argued for appellant (James P. Beachboard, Little Rock, Arkansas, on brief).

William A. Waddell, Little Rock, Arkansas, argued for appellee (John C. Fendley, Jr., Little Rock, Arkansas, on brief).

Before RICHARD S. ARNOLD, Chief Judge, HENLEY, Senior Circuit Judge, and FAGG, Circuit Judge.

FAGG, Circuit Judge.

Venture Properties, Inc. (Venture) appeals following a jury verdict in favor of First Southern Bank (First Southern) on Venture's usury claim. We affirm.

Venture owed a total of about $2 million on two promissory notes. After the notes came due and Venture was unable to pay, the creditors holding the notes offered to accept $1.3 million in full satisfaction of the debts if Venture could make the payment by the end of the year. Because...

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