(DOWNLOAD) "Universal C.I.T. Credit Corp. v. Lackey" by Supreme Court of Arkansas * eBook PDF Kindle ePub Free

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eBook details

• Title: Universal C.I.T. Credit Corp. v. Lackey
• Author : Supreme Court of Arkansas
• Release Date : January 21, 1957
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 62 KB

Description

This is another case involving the claim of usury 1 in a conditional sales contract. The Chancery Court found that the
contract was usurious, and this appeal ensued. On November 19, 1953 appellee Lackey purchased a new 1954 Chrysler automobile from Bragg Auto Company of West Memphis by
trading in an old car and executing a conditional sales contract for the balance due, plus insurance and interest. Here is
a tabulation of the transaction:

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