Legal Opinion
Standard Leasing Corp. v. Schmidt Aviation, Inc.
Supreme Court of Arkansas
Decided January 22, 1979No. 78-197PublishedCited by 31 opinions
1Opinion of the Court
George Rose Smith, Justice.
This case is similar to Bell v. Itek Leasing Corporation, 262 Ark. 22, 555 S.W. 2d 1 (1977), where we held, in a chancery case, that an instrument which purported to be a lease of printing equipment was in fact a financing transaction that was void for usury. In the present case the circuit judge, sitting as a jury, found as a fact that the “lease” sued upon in this case is usurious and void. Several points for reversal are urged, but the validity of the contract is the essential issue.
We state the facts most favorably to the trial court’s judgment. Standard Leasing…
2Cases cited5 opinions
- Hare v. General Contract Purchase Corp.Supreme Court of Arkansas · 1952
- Bell v. Itek Leasing Corp.Supreme Court of Arkansas · 1977
- Sawyer v. Pioneer Leasing CorporationSupreme Court of Arkansas · 1968
- Sparks v. RobinsonSupreme Court of Arkansas · 1899
- McKeeman v. Commercial Credit Equipment Corp.District Court, D. Nebraska · 1970
3Cited by31 opinions
- Roofing & Sheet Metal Services, Inc. v. La Quinta Motor Inns, Inc.Court of Appeals for the Eleventh Circuit · 1982
- Whirlpool Corp. v. RitterCourt of Appeals for the Eighth Circuit · 1991
- Heating & Air Specialists, Inc. v. JonesCourt of Appeals for the Eighth Circuit · 1999
- Carter v. Four Seasons Funding Corp.Supreme Court of Arkansas · 2003
- Richard Mitchell Larry Cotten First National Bank of Fort Smith, Arkansas v. State Farm Fire & Casualty CompanyCourt of Appeals for the First Circuit · 1990
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