Commercial Credit Trust v. Beck

On September 27, 1929, Clifford J. Beck, appellee, purchased from the Capitol Motors Inc. of Springfield, Illinois, an automobile under a conditional sales contract whereby he paid $15 cash and was allowed a credit of $500.40 for another automobile traded in, leaving a balance of $1,186 vdiich was evidenced by a note which was to be paid in 16 equal instalments commencing one month from the date of contract. The contract provided among other things that if the purchaser should fail to pay said note or any instalment thereon, . . . or if for any other reason' seller should deem itself or said…