LOCKHART v. GENERAL MOTORS ACCEPTANCE CORP.

No. 5-5922.

481 S.W.2d 350 (1972)

Frank LOCKHART, Appellant, v. GENERAL MOTORS ACCEPTANCE CORPORATION, Appellee.

Supreme Court of Arkansas.

June 19, 1972.


Attorney(s) appearing for the Case

Lloyd R. Haynes, Little Rock, for appellant.

Barber, Henry, Thurman, McCaskill & Amsler, Little Rock, for appellee.


FOGLEMAN, Justice.

Appellant contends that the court erred in holding that his installment sales contract with appellee was not void for usury. We find no error.

Appellant Lockhart purchased an automobile from Bale Chevrolet Company and executed his installment note and contract payable to GMAC. He obligated himself therein to pay the principal balance of the purchase price, $127 for property damage insurance coverage...

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