Legal Opinion
O'BRIEN v. Atlas Finance Co.
Supreme Court of Arkansas
Decided February 22, 1954No. 5-282PublishedCited by 16 opinions
1Opinion of the CourtBobinson, J.
The question is whether a usurious rate of interest was charged for a loan of money. Appellant, Arthur H. O’Brien, filed suit in Pulaski Chancery Court alleging that on the 2nd day of March, 1952, he applied to appellee, Atlas Finance Company, for a loan of $100; that the finance company agreed to make the loan but required him to execute his note in the sum of $114.04 due one year from date, and to secure the note by a chattel mortgage on a Plymouth automobile; in addition he was required to purchase a savings or investment certificate bearing interest at the rate of 2% per annum issued by…
2Cases cited10 opinions
- Hare v. General Contract Purchase Corp.Supreme Court of Arkansas · 1952
- Commercial Credit Plan, Inc. v. ChandlerSupreme Court of Arkansas · 1951
- Winston v. Personal Finance Co. of Pine Bluff, Inc.Supreme Court of Arkansas · 1952
- German Bank v. DeShonSupreme Court of Arkansas · 1883
- Reeve v. Ladies' Building Ass'nSupreme Court of Arkansas · 1892
5 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Sloan v. Sears, Roebuck & Co.Supreme Court of Arkansas · 1957
- Sosebee v. BoswellSupreme Court of Arkansas · 1967
- Arkansas Savings & Loan Ass'n v. Mack Trucks of Arkansas, Inc.Supreme Court of Arkansas · 1978
- L. M. McAdoo v. Union National Bank of Little Rock, ArkansasCourt of Appeals for the Eighth Circuit · 1976
- Otter Creek Development Co. v. FriesenhahnSupreme Court of Arkansas · 1988
11 more not listed; retrieve them via the Exa API.