Fausett & Co. v. G & P Real Estate, Inc.

602 S.W.2d 669 (1980)

FAUSETT AND COMPANY, INC., Appellant,

v.

G & P REAL ESTATE, INC., Appellee.

No. 80-21.

Supreme Court of Arkansas.

July 7, 1980.

Rehearing Denied August 25, 1980.

Wright, Lindsey & Jennings, Little Rock, for appellant.

John Haley, Southern & James by Dennis L. James and Byron S. Southern, Little Rock, for appellee.

PURTLE, Justice.

Appellee sued on the grounds of usury to cancel two construction loans which had been arranged by appellant on two building lots in Pulaski County. The trial court upheld appellee's contention and voided both debts. We agree with the trial court that the…