Minor v. Chase Auto Finance Corp.

RONALD L. SHEFFIELD, Justice.

I,The Arkansas Court of Appeals certified this case to us pursuant to Arkansas Supreme Court Rule 1 — 2(b)(1), (4), and (5) (2009), as a case involving an issue of first impression, having a substantial public interest and needing clarification or development of the law. We have been asked to determine whether nonwaiver and no-unwritten-modifications clauses in a financing agreement preclude a creditor from waiving future strict compliance with the agreement by accepting late payments. In Mercedes-Benz Credit Corp. v. Morgan, 312 Ark. 225, 850 S.W.2d 297 (1993),…