Legal Opinion
Flato Electric Supply Co. v. Grant
Court of Appeals of Texas
Decided August 20, 1981No. 1722PublishedCited by 9 opinions
1Opinion of the Court
OPINION
YOUNG, Justice.
The central issue in this case is whether a service charge of 1⅝% per month imposed by the seller upon the unpaid balance of the business account of a purchaser was interest. The service charge was assessed in connection with the purchase of electrical supplies and equipment by Shane Grant, d/b/a U. S. Electric Company, from Flato Electric Supply Company. In the trial court Grant was plaintiff and cross-defendant; Flato was defendant and cross-plaintiff.
After a non-jury trial, the trial court found that the assessment of the service charge violated Article 5069-1.03, 1…
2Cases cited15 opinions
- Ray v. Farmers' State Bank of HartTexas Supreme Court · 1979
- Houston Sash and Door Co., Inc. v. HeanerTexas Supreme Court · 1979
- Windhorst v. Adcock Pipe and SupplyTexas Supreme Court · 1977
- Commercial Union Assurance Company v. FosterTexas Supreme Court · 1964
- Wall v. East Texas Teachers Credit UnionTexas Supreme Court · 1976
10 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Augusta Development Co. v. Fish Oil Well Servicing Co., Texas Court of Appeals, 13th District1988
- Varel Manufacturing Co. v. Acetylene Oxygen Co., Texas Court of Appeals, 13th District1999
- Parker v. TXO Production Corp., Texas Court of Appeals, 13th District1986
- Concrete Construction Supply, Inc. v. M. F. C., Inc.Court of Appeals of Texas · 1982
- Biggs v. GarrettCourt of Appeals of Texas · 1983
4 more not listed; retrieve them via the Exa API.