Stoutamire v. North Florida Loan Association

THOMAS, J.:

North Florida Loan Association, appellee, instituted its suit to foreclose certain “retain title” contracts executed by it and appellant providing for the sale of personal property by the former to the latter and the payment of the purchase price in installments. Under the contracts title was to “remain vested in the” Association “until all conditions of this agreement [were] fully . . . performed . . . .” The appellee alleged default on the part of the appellant in meeting the instalments, and prayed that the instruments be foreclosed.

The defendant denied the indebtedness and…