(Download) "Hare v. Gen. Contract Purchase Corp." by Supreme Court of Arkansas # eBook PDF Kindle ePub Free
eBook details
- Title: Hare v. Gen. Contract Purchase Corp.
- Author : Supreme Court of Arkansas
- Release Date : January 26, 1952
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 60 KB
Description
This case involves the issue of usury in connection with a sale. 1 Appellant, Clyde Hare, purchased a used truck from Earl Meeks, a second-hand automobile dealer in Arkadelphia, for $1,150. After making a cash payment of $100, and trading in a car for a credit of $500, the balance due by Hare to Meeks was $1,150. To handle this balance, Hare executed to seeks a title retaining contract and note for $1,439.13. The note and contract were on forms supplied Meeks by appellee, General Contract Purchase Corporation; and Meeks and Hare understood that the said $1,150 was increased $289.14 to take care of insurance, interest and service charges on the delayed payments; and that the note for $1,439.13 was payable $68.53 per month for twenty-one months.