Sulek v. McWilliams
Supreme Court of Arkansas
Appeal from Prairie Chancery Court. Jno. M. EruoTT, Chancellor. The taking of the bonus of $407.09, over the legal rate of interest,, constituted usury.
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Appeal from Prairie Chancery Court. Jno. M. EruoTT, Chancellor. The taking of the bonus of $407.09, over the legal rate of interest,, constituted usury. Const, art. 19, § 13; Sand. & H. Dig., §§ 5077, 5084, S085, 5086; 55 Ark. 143; 51 Ark. 534; 51 Ark. 346; 54 Ark. 155; 64 Ark. 249; Webb, Usury, 93. Courts look to the real nature of a transaction in determining questions of usury, regardless of forms. 53 Ark. 454; 47 Ark. 287; 66 Ark. 460; 54 Ark. 40; Webb, Usury, 80; 55 Ark. 268; 36 Ark. 248; 47 Ark. 287; 50 N. Y. 437; 78 Ga. 635; 90 N. Y. 549; 100 Pa. St. 351; 46 la. 144; 91 N. Y. 199. The…
1Opinion of the CourtHughes, J.
This is an appeal from a decree in the Prairie chancery court foreclosing a mortgage given by Anton Sulek and his wife, Anna Sulek, to Geo. C. Lewis, on the 16th of January, 1899, upon lands therein described, to-wit, the west half of section 29, and the east half of section 30, all in township 1 south, range 5 west, in Prairie county, Arkansas, which mortgage was made to secure to said Lewis the payment of six notes for $800 each and interest thereon, in the aggregate $4,800, and which said mortgage and notes had been transferred and assigned by the said Geo. C. Lewis on the 19th of January,…
2Cited by9 opinions
- Muhammed v. Arkansas Supreme Court Committee on Professional ConductSupreme Court of Arkansas · 1987
- Lonoke v. Chicago, Rock Island & Pacific Railway Co.Supreme Court of Arkansas · 1909
- Wood v. WoodSupreme Court of Arkansas · 1911
- Letchworth v. VaughanSupreme Court of Arkansas · 1905
- Arnold v. McBrideSupreme Court of Arkansas · 1906
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