Jennings v. Universal CIT Credit Corporation

WADDILL, Commissioner.

Appellant, O. G. Jennings, purchased an automobile from Scott-McGaw Motor Company under a conditional sales contract which was assigned to appellee, Universal C.I.T. Credit Corporation. Subsequently appellant apparently defaulted in meeting his contractual obligation and appellee repossessed and sold the automobile. However, when the automobile was sold it did not bring a sufficient amount to pay the balance due under the contract.

Appellee filed this action against appellant to collect the deficiency, alleging that $1,119.26 was due under the contract. Appellant, by…