Randall v. Chaney

On May 11, 1922, appellant sold to O. C. Chaney a motor truck. The sale contract provided that the purchaser should pay for the truck the sum of $2,450, payment to be made in thirteen monthly installments, the first twelve of which were to be $200 each, the thirteenth $50; first payment to be made June 11, 1922. Title was to remain in appellant who reserved the right, in the event of default in any payment, to take possession of the truck and “retain all payments less than the full amount, for the use and depreciation” of the truck while in the purchaser’s possession. As a part of the…