Associates Discount Corporation v. Clements

WILLIAMS, Justice.

This action was brought by Earl Clements, hereinafter referred to as plaintiff, against Associates Discount Corporation, a Corporation, and Associates Investment & Loan Company, a Corporation, hereinafter referred to as defendants, for money had and received. Plaintiff was a used car dealer in Oklahoma City, and defendants were affiliated corporations engaged in the automobile finance and loan business. On February 11, 1952, defendants made a loan in the amount of $1,871 to one Walker, taking a note secured by a mortgage on a 1951 Pontiac automobile. Walker was in possession…