Public Loan Corp. v. Weaver

Grieein Smith, Chief Justice.

Public Loan Corporation of Little Rock, and Public Loan Corporation, Monroe, La., have appealed from decrees declaring certain contracts void because of usury.1

The Weavers, husband and wife, borrowed from Public Loan Corporation of Little Rock February 6,1952. The application was by Mrs. Weaver, who testified that she did not inform her husband that the obligation had been incurred until complications arose, and she signed the notes for herself and her husband, executing a mortgage on personal property, including household goods.

Two Arkansas corporations were…