Roby Motors Co. v. Price

TALIAFERRO, Judge.

Miss Mildred McCrery, now the wife of Howard Price, purchased from plaintiff a second hand used 1932 model Studebaker Rockne sedan for the price of $405, on which amount $45 was credited, being the value of her equity in a Chevrolet coupé taken over by plaintiff in the trade. She gave her note for the balance of $360, payable in 30 equal semimonthly installments, secured by mortgage on the sedan. After operating the newly acquired car for three months, she sold it to C. E. Turner, who assumed payment of the balance due on the note which he indorsed in plaintiff’s hands. He…