Commercial Credit Corp. v. Dowdy

BARNETTE, Judge.

Mr. and Mrs. Vernon Dowdy, defendants-appellants, purchased a house trailer on July 3, 1958, and financed the unpaid portion ($6,823.80) of the purchase price with Commercial Credit Corporation, giving a note payable in 60 monthly installments *827of $113.73 secured by chattel mortgage. On July 1, 1960, they sold or transferred their interest in the trailer to Charles Curtis Elliott. A "Transfer of Interest Agreement” was executed by the parties on a printed form prepared by Commercial 'Credit Corporation, signed by “Vera Dowdy” and "Vernon Dowdy” as “Old Purchaser-Transferor” and…