Security Credit Corp. v. Menefee Motor Co., Inc.

Menefee Motor Company, Inc., a New Orleans corporation engaged in the sale of automobiles, was unable to secure from the Chevrolet factory sufficient cars for the demands of its customers. It learned that Burnham Motor Company, Inc., of Amite, La., had on hand a larger stock of new cars than it could readily dispose of, and ascertained that the Burn-ham Company was willing to sell to it on a wholesale basis two new Chevrolet cars.

Thereupon the Menefee Company sent to Amite, obtained the two cars, and paid the Burnham Motor Company, Inc., therefor.

The Security Credit Corporation, Inc., held…