Poole v. Bates

Carleton Harris, Chief Justice.

Appellees, Noah Bates and Pate Pearson d/b/a Bates-Pearson Auto Sales, sold an automobile to Edward Poole, appellant, Poole signing an installment contract. As typed, the contract called for 24 equal payments of $84.47, which would make a total payment of $2,072.28. Included in the figures was a charge for $55.94 for credit life insurance. The interest charged was 10%. Appellees instituted suit in August, 1972 alleging that after allowance of credits, Poole was indebted to appellees in the sum of $1,489.11, for which judgment was sought, together with an…