Legal Opinion
Gleghorn v. Ford Motor Credit Co.
Supreme Court of Arkansas
Decided October 12, 1987No. 87-66PublishedCited by 6 opinions
1Opinion of the Court
David Newbern, Justice.
Larry and Linda Gleghorn sued Ford Motor Credit Company (FMC) seeking the constitutional penalty of double interest on a contract they alleged to be usurious. Summary judgment was granted to FMC. We must reverse and remand the case because the motion for summary judgment was not supported as required by Ark. R. Civ. P. 56(c).
The Gleghorns purchased a Ford Bronco. Their contract provided an interest rate of 13.9% per annum on the unpaid balance. The contract was executed after a chancery court had interpreted Amendment 60 to the Arkansas Constitution as permitting an…
2Cases cited6 opinions
- Wiseman v. PhillipsSupreme Court of Arkansas · 1935
- Bishop v. LINKWAY STORES, INC.Supreme Court of Arkansas · 1983
- Leigh Winham, Inc. v. Reynolds Insurance AgencySupreme Court of Arkansas · 1983
- Wiseman, Commr. of Rev. v. GilliozSupreme Court of Arkansas · 1936
- Township Builders, Inc. v. Kraus Construction Co., Inc.Supreme Court of Arkansas · 1985
1 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- O'MARA v. DykemaSupreme Court of Arkansas · 1997
- Porter v. HarshfieldSupreme Court of Arkansas · 1997
- Gann v. ParkerSupreme Court of Arkansas · 1993
- Wheeler v. Phillips Development Corp.Supreme Court of Arkansas · 1997
- Adams v. First State Bank, BeebeSupreme Court of Arkansas · 1989
1 more not listed; retrieve them via the Exa API.