Ed Hoffman Motors v. GFC CORPORATION

POPE, Justice.

G. F. C. Corporation, an automobile finance company, sued Ed Hoffman Motors, an automobile dealer, and obtained a judgment notwithstanding the verdict. Hoffman, on January 12, 1955, sold a passenger car to Dorothy Hanson on a conditional sales contract. On that same date G. F. C. bought and Hoffman assigned this contract. On the back of the conditional sales contract were three different printed forms for assignment. One form was designated as “Without Recourse,” another as “Repurchase,” and the other, as “Limited Guarantee.” The assignment used in this instance was the one…