Legal Opinion
Opinion No.
Arkansas Attorney General Reports
Decided May 13, 1988Published
1Opinion of the Court
The Honorable Chris Raff Prosecuting Attorney 411 North Spruce Street Searcy, AR 72145
Dear Mr. Raff:
This is in response to your request for an opinion regarding the constitutionality of a particular lease-purchase contract, namely, Lease Agreement No. M-300-026. You refer in your correspondence to Opinion No. 84-104 and state that you remain unsure whether the contract is valid.
It was concluded in Opinion No. 84-104 that a lease agreement for equipment which contains interest built-in to the lease price is constitutionally suspect. The Arkansas Supreme Court has yet to address this question.…
2Cases cited7 opinions
- City of Hot Springs v. CrevistonSupreme Court of Arkansas · 1986
- Goodwin v. StateSupreme Court of Arkansas · 1962
- Quinn v. ReedSupreme Court of Arkansas · 1917
- Pacific Industries, Inc. v. Mountain Inn, Inc.District Court, W.D. Arkansas · 1964
- Bourland v. First National Bank Building Co.Supreme Court of Arkansas · 1922
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