Lexington Cab Co. v. Terrell

Opinion op the Court by

Judge Thomas

— Reversing.

On July 26, 1935, the appellee and plaintiff below, John Addison Terrell, purchased a Pontiac 1935 model automobile, the deferred payments on which aggregated $782.72, which was the net purchasing price after deducting an allowance for an old automobile taken in by the seller. That balance was divided into sixteen monthly payments of $48.92 each, and the written contract evidencing the sale and all agreements in connection therewith retained title in the automobile until all of the deferred payments were made. But few of them were made and…