Pacific Finance Corp. v. Ellithorpe

On the Merits

(289 P. 1058)

BBOWN, J.

The amount involved in this action is small, but the principle is of highest importance to the parties hereto, and to all others similarly situated.

Among other things, the contract pleaded by both the plaintiff and the defendants provides:

“In the event the Purchaser fails or neglects to comply with any of the terms, covenants or conditions of this contract, or to make any of the several payments provided for herein when due, or in the event that the Purchaser shall become financially involved or insolvent, or shall be adjudicated a bankrupt, or shall fail to…