Commercial Credit Corp. v. Interstate Finance Corp.

This is a suit between two automobile-finance companies. Plaintiff’s petition alleged that defendant obtained possession of certain automobiles which were the subject of condi! ional-sales contracts owned by the plaintiff and executed by Walt Merritt, an automobile dealer, and that plaintiff wrongfully converted said automobiles to its own use and benefit. The answer alleged that defendant loaned money to Walt Merritt secured by chattel mortgages upon the cars and defendant obtained possession of the automobiles in a replevin suit based upon these mortgages. The defendant further alleged: (1)…