Seaboard Dairy Credit Corp. v. Paulsen

On October 3, 1929, Inga Paulsen borrowed forty-one hundred dollars from S. D. Alexander, and executed a bill of sale to the lender covering eighty-eight head of cattle, which were then on a Clark county farm leased by her. On the same date, Alexander executed a conditional sales contract wherein he agreed to sell the same eighty-eight cattle to Mrs. Paulsen upon the condition that she pay fifty-two hundred dollars to him on a monthly installment plan. That contract was later assigned to the Seaboard' Dairy Credit Corporation, the plaintiff in this action.

While purporting to be a conditional…