G. F. C. Corporation v. Williams

BOND, Chief Justice.

Billy Williams, appellee, instituted this' suit against G. F. C. Corporation, appellant, to recover (1) for statutory penalty of double the amount of alleged usurious interest paid (Art. 5073, Vernon’s Ann.Civ. St.); and (2) for damages as a result of car collision, for failure of the defendant to take out insurance covering such damages.

On'June 26, 1948 appellee purchased an automobile from C. L. Luck Motor Company (used-car dealer), for the sum of $1,250. Williams paid $150 cash and a trade-in allowance for an old car at agreed value of $340, leaving a balance of $760 to…