Landsdowne Finance Co. v. Prusky

Opinion by

Baldrige, J.,

On July 29,1932, the defendant, an automobile dealer, leased a car under a contract of bailment providing for weekly payments, totalling $375, which included a finance charge of $75. On the same day the plaintiff, a finance company, paid the defendant the sum of $300, in consideration of an assignment of this contract and the execution of a writing by the defendant, referred to as exhibit “B”, which provides: “In the event that DeSoto sedan......leased to Sterling Burpee, be repossessed, the Reliable Motors, agrees to repossess same, paying all charges, and will take up…