Griffin v. Murdock Acceptance Corporation

Ed. F. McFaddin, Justice.

This case began as an effort by the appellant, Griffin, to avoid a note on the ground of usury. On March 19, 1955, Griffin purchased a new Rambler Hudson station wagon from Kelly Motors, Inc. of Little Rock, and. executed a title retaining note for $2,396.70, as explained hereinafter. Kelly Motors, Inc, immediately transferred the note to Murdock Acceptance Corporation. The note and title retaining contract were on forms furnished by Murdock Acceptance Corporation (hereinafter called “Murdock”); so, under our holding in the Hare case, 1 we treat Murdock as having been…