Legal Opinion
Green v. Mid-State Homes, Inc.
Supreme Court of Arkansas
Decided December 23, 1968No. 5-4763PublishedCited by 5 opinions
1Opinion of the Court
George Rose Smith, Justice.
The issue here is that of usury in a contract for the construction of a shell home. The chancellor upheld the contract and ordered a foreclosure of Mid-State’s mortgage.
The material facts are not similar to those in any of the many usury cases that we have considered in the past fifteen years or so. Here Mid-State’s assignor, Jim Walter Corporation, agreed on April 7, 1966, to bnild a house for the Greens for a contract price of $6,-355, with the transaction being financed by the builder. The Greens agreed to pay the taxes and insurance premiums; so the only…
Also in this document: Dissent.
2Cases cited7 opinions
- Sloan v. Sears, Roebuck & Co.Supreme Court of Arkansas · 1957
- Commercial Credit Plan, Inc. v. ChandlerSupreme Court of Arkansas · 1951
- Eldred v. HartSupreme Court of Arkansas · 1908
- McDougall v. HachmeisterSupreme Court of Arkansas · 1931
- Lyttle v. Mathews Investment Co., Inc.Supreme Court of Arkansas · 1937
2 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Winkle v. Grand National BankSupreme Court of Arkansas · 1980
- Wilkins v. M & H FINANCIAL, INC.District Court, E.D. Arkansas · 1979
- In Re RomineCourt of Appeals for the Eighth Circuit · 1977
- Simpson v. Philco Finance Corp.Court of Appeals for the Eighth Circuit · 1977
- Winkle v. Grand National BankSupreme Court of Arkansas · 1980