Central Acceptance Corp. v. Frye

Hatcher, President:

The defendants, as partners, conducted an automobile sales business, under the name of Boone Motor Company. Certain automobiles were sold by them partly on credit, and delivered to the several buyers' under conditional sales contracts reserving title in the company until the machines were fully paid for. The deferred payment in each case was represented by a negotiable note signed by the purchaser. These notes and contracts were sold and assigned by the company to the plaintiff. Each of the buyers under the sales contracts defaulted on his note before as much as 50% of the…