Borg-Warner Acceptance Corp. v. Scott

The appellant bought from Leseo Enterprises four items of equipment for his automotive repair shop, paying $135 down on a total purchase price of $735. Leseo assigned the contract and security agreement to the respondent.

Although he was contacted many times and was informed that if he did not catch up on his payments the respondent would repossess the equipment, the appellant made no further payments. In spite of the fact that his contract specifically conferred the right of repossession upon the seller, he informed the respondent that he would not consent to and would not permit…