[DOWNLOAD] "Winston v. Personal Fin. Co. of Pine Bluff" by Supreme Court of Arkansas ~ Book PDF Kindle ePub Free

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eBook details

• Title: Winston v. Personal Fin. Co. of Pine Bluff
• Author : Supreme Court of Arkansas
• Release Date : January 19, 1952
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 67 KB

Description

This case presents the issue of usury in a transaction based entirely on a loan of money, and without any element of a credit price connected with a sale. Appellant, Winston (sometimes hereinafter called ""borrower.""), is an individual who lives several miles from Pine Bluff. Appellee, Personal Finance Company (sometimes hereinafter called ""Personal"" or ""lender""), is a corporation registered and licensed by the State Bank Commission, under Act 203 of 1951, which Act is officially called the ""Arkansas Installment Loan Law,"" but in common parlance is referred to as the ""Small loans Act."" Appellee has a place of business in Pine Bluff, and employs several persons. On October 4, 1951, Winston applied to Personal for a loan. The manager of Personal talked to Winston, and went with him in an automobile to Winston's home to inspect the household furniture which Winston offered as security. Then Winston and the manager returned to Personal's office in Pine Bluff, where investigation was made as to Winston's credit. The loan was consummated the same day, and Winston executed the note and mortgage prepared by employees of Personal.

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