Kyser v. T. M. Bragg & Sons

MiNor W. Mill wee, Associate Justice.

The question presented is whether the amount of $62.00 charged appellants in a conditional sales contract for a power unit purchased from appellees represented finance or interest charges, or merely a portion of a credit purchase price.

On March 24, 1954, the appellants, Lester Kyser and Ernest Kyser, his father, purchased a used “11-40” power unit from appellees, T. M. Bragg and Sons, a partnership and retail machinery dealer at Benton, Arkansas. The parties executed a conditional sales contract on a printed form furnished appellees by Allis-Chalmers…