Ryder Truck Rental, Inc. v. Kramer

563 S.W.2d 451 (1978)

RYDER TRUCK RENTAL, INCORPORATED, Appellant,

v.

J. B. KRAMER, Appellee.

No. 77-263.

Supreme Court of Arkansas, In Banc.

March 27, 1978.

Thaxton, Hout & Hartsfield by Larry Hartsfield, Newport, for appellant.

Murphy, Blair, Post & Stroud by H. David Blair, Batesville, for appellee.

HOWARD, Justice.

We are to determine whether the trial court's holding was proper which granted a summary judgment resulting in the cancellation of an installment note on the grounds that the note was usurious.

THE FACTS

On April 13, 1973, appellee, J. B. Kramer, signed an installment note, as president of…