Manufacturers Acceptance Corporation v. Vaughn

This began as a replevin suit for the recovery of a 1953 Chevrolet automobile growing out of the following sequence of events.

1. W. L. Cookston traded in his 1953 Chevrolet sedan automobile to Gentry Chevrolet Co. on the purchase of a truck, in August 1954. There was a lien on the Chevrolet in favor of General Motors Acceptance Corp. (hereinafter referred to as G.M.A.C.) to secure $640.39.

2. Gentry Chevrolet Co. then, on August 16,1954, paid off the lien owed by Cookston to G.M.A.C., and about 30 days later, G.M.A.C. forwarded the certificate of title, which was in its possession, to Cookston…