CHALMERS v. CHALMERS

No. 96-358.

937 S.W.2d 171 (1997)

327 Ark. 141

Hugh B. CHALMERS and Janelle Chalmers, Appellants, v. Nina CHALMERS and Ralph W. Sloan, Successor Trustee, Appellees.

Supreme Court of Arkansas.

February 3, 1997.


Attorney(s) appearing for the Case

Martin W. Bowen, West Memphis, for Appellants.

Kent J. Rubens, West Memphis, for Appellees.


NEWBERN, Justice.

The issues in this case concern whether a promissory note was delivered, and if so, whether the interest specified was usurious thus rendering the note unenforceable. We affirm the Chancellor's decision that the note was delivered and that the interest charged was not usurious.

Appellant Hugh B. Chalmers issued a promissory note to his father, Hugh J. Chalmers, now deceased, in the amount of $50,000. The note was payable upon demand or within...

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