Bunn v. Weyerhaeuser Co.

598 S.W.2d 54 (1980)

David W. BUNN d/b/a/ Bunn Lumber Co., Appellant,

v.

WEYERHAEUSER CO., Appellee.

No. 79-314.

Supreme Court of Arkansas.

April 21, 1980.

Rehearing Denied June 2, 1980.

Ridgeway, Burtness & Switzer, P. A., Hot Springs, for appellant.

Friday, Eldredge & Clark, Little Rock, for appellee.

PURTLE, Justice.

Appellee brought suit for collection on an open account to which it had added a monthly "service charge" in the amount of 1.5%. The purchases were on terms of 2% discount if paid within 5 days or net if paid within 30 days. After 30 days the 1.5% monthly "service charge" was added. Some…