Legal Opinion
McInnis v. Cooper Communities, Inc.
Supreme Court of Arkansas
Decided February 23, 1981No. 80-254Published
1Opinion of the Court
611 S.W.2d 767 (1981)
Ellis W. McINNIS et ux., Appellants,
v.
COOPER COMMUNITIES, INC., Appellees.
No. 80-254.
Supreme Court of Arkansas.
February 23, 1981.
Cockrill & McGhee, Little Rock, for appellants.
Richard H. Smith, Bentonville and Catlett & Henderson, Little Rock, for appellees.
HOLT, Justice.
Appellants brought suit to have a note and mortgage declared usurious and void, in violation of Art. 19, § 13 of the Constitution of Arkansas (1874), which restricts the charge of interest to 10% annually. Appellee responded that the loan, bearing 12% interest, was valid, because it came within the…
Also in this document: Dissent · Hickman; Dissent · Purtle.
2Cases cited28 opinions
- Bolling v. SharpeSupreme Court of the United States · 1954
- Wickard v. FilburnSupreme Court of the United States · 1942
- Heart of Atlanta Motel, Inc. v. United StatesSupreme Court of the United States · 1965
- United States v. National Dairy Products Corp.Supreme Court of the United States · 1963
- United States Department of Agriculture v. MorenoSupreme Court of the United States · 1973
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