Commercial Equipment Leasing Co. v. Steve's Oil Field Services, Inc.

OPINION

YOUNG, Justice.

This appeal arises from an order overruling a plea of privilege. Appellee, Steve’s Oil Field Services, Inc., brought suit in its county of residence alleging a violation of the usury statutes, Tex.Rev.Civ.Stat.Ann. art. 5069-1.01 et seq. (1971), and the Deceptive Trade Practices — Consumer Protection Act, Tex.Bus. & Comm.Code Ann. § 17.41 et seq. (Supp.1980), hereinafter referred to as the Act. The alleged violations occurred as a result of a transaction with appellant, Commercial Equipment Leasing Company, involving the acquisition of an airplane. The trial court held…