Legal Opinion
Hayes v. First National Bank of Memphis
Supreme Court of Arkansas
Decided April 1, 1974No. 73-255PublishedCited by 38 opinions
1Opinion of the Court
John A. Fogleman, Justice.
The question presented by this appeal is whether “late charges” made on an installment purchase contract and a charge made for an extension agreement voided the entire debt for usury. We conclude that they did not.
Billy R. and Betty J. Hayes, husband and wife, purchased a mobile home from C. & G. Mobile Homes at Camden. After making a down payment, the balance of the purchase price to be financed amounted to $4,399 to which was added charges for insurance which brought the total to $5,010.40 to be paid in 84 equal installments. When the maximum time price…
2Cases cited20 opinions
- Sloan v. Sears, Roebuck & Co.Supreme Court of Arkansas · 1957
- Budget Plan of Baton Rouge, Inc. v. TalbertSupreme Court of Louisiana · 1973
- Eldred v. HartSupreme Court of Arkansas · 1908
- Peoples Loan and Investment Company v. BoothSupreme Court of Arkansas · 1968
- General Contract Corp. v. DukeSupreme Court of Arkansas · 1954
15 more not listed; retrieve them via the Exa API.
3Cited by38 opinions
- Begelfer v. NajarianMassachusetts Supreme Judicial Court · 1980
- McCoy Farms, Inc. v. J & M McKEESupreme Court of Arkansas · 1978
- McElroy v. GrishamSupreme Court of Arkansas · 1991
- Winkle v. Grand National BankSupreme Court of Arkansas · 1980
- Bunn v. Weyerhaeuser Co.Supreme Court of Arkansas · 1980
33 more not listed; retrieve them via the Exa API.