Chrysler Credit Corp. v. McKinney

On Application for Rehearing

The application for rehearing is granted, the original opinion is withdrawn, and the following opinion is substituted therefor.

Defendant Chrysler Credit Corporation appealed from a judgment entered against it and in favor of the plaintiffs in the amount of $20,000. We reverse and remand.

The case arose from the following facts:

In July 1980, Jimmy McKinney bought a Dodge Mirada from Countywide Dodge for his wife's use. He negotiated and executed on behalf of McKinney Ceramic Tile Co., Inc., of which he was president and majority stockholder, a retail installment…