Wood Acceptance Co. v. King

Plaintiff, Wood. Acceptance Co., filed this action to recover a judgment for a deficiency allegedly due after the repossession and resale of defendant’s automobile purchased under a retail installment sales contract. Defendant filed an answer and a counterclaim. The answer denies plaintiff’s claim that any money is due and asserts three affirmative defenses based on plaintiff’s alleged violations of the Uniform Commercial Code, the Motor Vehicle Retail Installment Sales Act and the Sale Finance Agency Act. The counterclaim prays for a judgment in the amount double the finance charge set forth…