Action Management Inc. v. Gross

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BACKGROUND

This is a case under the Motor Vehicle Sales Finance Act, 69 PS. §601 et seq.

On July 20, 1989, defendants purchased a new 1990 Chevrolet from Homer Motors Inc. of Oxford, Chester County, Pennsylvania. The purchase price was financed by Meridian Bank pursuant to an installment sales agreement. See exhibit P-1. Defendants ultimately defaulted, the car was repossessed and sold resulting in a deficiency judgment.

The deficiency judgment was sold to plaintiff who brings the instant matter to collect same.

ISSUES

1. What Statute of Limitations Is Applicable?

Defendants assert that…