Mercedes-Benz Credit Corp. v. Morgan

Tom Glaze, Justice.

This tort of conversion case was commenced by Dr. Jerry Morgan after his 1984 Porsche had been repossessed by Mercedes-Benz Credit Corporation (MBCC). Morgan purchased the Porsche from Riverside Motors and afterwards, Riverside assigned the purchase installment contract to MBCC. Under the contract, Morgan was to make a payment of $253.37 on the first day of each month for forty-eight months commencing March 1,1990. Morgan was indisputably late in his payments, and on March 22,1991, MBCC decided to exercise its right under statutory law and the parties’ contract to self-help…