General Motors Acceptance Corp. v. Trull

The appellee purchased an Oldsmobile sedan from E. C. Johnson, ah automobile dealer of Lexington, Mississippi, for which he paid four hundred forty-eight dollars and fifty-six cents cash, and executed a conditional sales contract for one thousand thirty-five dollars and seventy-two cents, payable in monthly installments of fifty-one dollar and fifty-four cents. The deferred payments evidenced by this contract were not payable to order or bearer, or to any certain person. The contract was assigned to the appellant, General Motors Acceptance Corporation, which maintained a branch office at…