North American Trust Co. v. Chappell
Supreme Court of Arkansas
Appeal from Scott Circuit Court in Chancery. Styles T. Rowe, Judge. The power of accepting title and conveying real estate is one universally incidental to corporations. Thomps.
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Appeal from Scott Circuit Court in Chancery. Styles T. Rowe, Judge. The power of accepting title and conveying real estate is one universally incidental to corporations. Thomps. Corp. §§ 5797-5799. A person may do by an agent what he may do himself. 35 Ark. 198. There was no usury in the contract. 32 Ga. 312. If by mistake or inadvertence an amount- is charged as commission or interest, it would not constitute usury. 63 Ark. 225. There must be an intention to charge usury. 63 Ark. 240; 54 Ark. 50; 9 Ark. 22; 25 Ark. 258 ; 62 Ark. 370. Money paid to borrower’s agent for the loan will not…
1Opinion of the CourtHughes, J.
This is a suit in ejectment for the possession of land described in the complaint, upon which the plaintiff held a mortgage executed by the defendant and his wife to secure a note for $375, which they had given Samuel M. Jarvis, trustee for the Jarvis-Conklin Mortgage Trust Company, with power in said trustee upon default to sell and convey said land, and, in case of his absence from the state of Arkansas or refusal to act, to appoint some one to act in his place and stead, and in conformity with said power he appointed George S. Evans to act for him. The plaintiff alleges that it became the…
2Cited by3 opinions
- Wilson v. WhiteSupreme Court of Arkansas · 1907
- Eagle v. OldhamSupreme Court of Arkansas · 1915
- Powell v. MorrisonSupreme Court of Arkansas · 1923