Universal Credit Co. v. Cole

STOKES, Justice.

This suit was instituted by appellant, Universal Credit Company, against appel-lee, E. E. Cole, upon a conditional sales, contract made by appellee with Walter Irvin by which appellee purchased a truck. The consideration for the truck was $963.50, of which amount $369.50 was'paid in cash and the balance of $594 was to be paid in monthly installments of $33 each, beginning July 15, 1938. The contract constituted a chattel mortgage on the truck and it was duly assigned to appellant by Walter Irvin. Appellant alleged there was a balance due on the contract of $165 and it sought…