Lepore v. Atlantic Corp.

The plaintiff seeks declaratory relief against Powered Equipment Corp. (hereinafter called Equipment) and Atlantic Corporation, a finance company (hereinafter called Atlantic), with respect to a conditional sale agreement by which the plaintiff purchased from Equipment a machine known as a crawler back-hoe for $12,000, paying $3,000 in cash, the balance of $9,000, together with a finance charge of $1,080, to be paid in twenty-four monthly instalments. The plaintiff alleges that the agreement does not comply with G. L. (Ter. Ed.) c. 255, § 12 (as appearing in St. 1943, c. 410, § l) 1 and § 13A…