Equity Service Corp. v. Agull

In this action plaintiff is suing to recover the sum of $130 alleged to be due on a contract styled a “ hazard agreement ” by the terms of which plaintiff advanced to defendant through an assignor the sum of $200. Contemporaneously and as a part of the transaction the defendant executed a bill of sale of his automobile conditioned on his paying the sum of $260 in installments with the usual reservations in the event of default, except that repossession and sale discharged any resultant deficiency, provided the mortgagor had not defaulted on the mortgage or the hazard agreement. Plaintiff…