Lyles v. Union Planters National Bank

Ed. F. McFaddin, Associate Justice.

This is a usury case. The appellee, Union Planters National Bank, filed action in replevin against appellant Lyles to repossess a motor vehicle purchased by Lyles on time payments. Lyles pleaded usury. The Trial Court held there was no usury because the law of Tennessee governed the trasaction; and from that holding Lyles brings this appeal.

The cause was submitted to the Trial Court on the original contract and a stipulation, from which we copy the germane portions:

“1. That on the 25th of May, 1964 Robert C. Lyles, who at that time resided at 933 Jackson…