Commercial Credit Co. v. Hazel

The appellant is a corporation organized under the laws of Delaware, with offices in Minneapolis, where it is engaged in the business of purchasing conditional sales contract notes and other forms of investments. One of its patrons in 1929 was the Harrington Motor Company, a distributor of Hupmobile automobiles in Minneapolis. On or -about November 7, 1929, L. W. Arnoldy, an employee of the Motor Company, signed a blank conditional sales contract with his employer for the pur chase of a Hupmobile. At the same time, he signed a note for the purchase price. These instruments were sold,…