Commercial Discount Co. v. Howard

GATES, J., pro tem.

This action was tried upon an agreed statement of facts. The plaintiff and respondent is engaged in the business of handling automobile contracts— commercial paper. Appellants, who are dealers in automobiles, entered into five conditional sales contracts with various customers. For a valuable consideration they sold and transferred these contracts and the title thereof to the cars to respondent corporation. These transfers were evidenced by an assignment and agreement, to both of which we shall presently allude. The purchasers failed to make the payments called for by the…