Belew v. Griffis

460 S.W.2d 80 (1970)

Thomas Newton BELEW et ux., Appellants,

v.

Madie GRIFFIS, Appellee.

No. 5-5331.

Supreme Court of Arkansas.

December 7, 1970.

F. C. Crow, Hope, for appellants.

John L. Wilson, Hope, for appellee.

GEORGE ROSE SMITH, Justice.

In 1956 the appellants, Thomas Newton Belew and his wife, sold a small, poorly constructed dwelling house to the appellee, Madie Griffis, for a recited consideration of $5,250.00, which the chancellor found to represent both the principal and the interest at 8% per annum. Mrs. Griffis made a down payment of $35.00 and executed a promissory note for the balance of…