Pierce v. C. I. T. Corp.

The C. I. T. Corporation, defendant in error, was plaintiff below and Ployd J. Pierce, plaintiff in error, was defendant below. One E. L. Long purchased a Stutz car from the Western Motor Oomjsany for the price of $4,888.08, of which $1,500 was paid down by taking a used car, and $2,998.08 was evidenced by conditional sales contract in writing. This contract was sold to G. I. T. Corporation. About a year later Floyd J- Pierce purchased the automobile in question from E. L. Long, and as a part of the consideration for his purchase assumed and agreed to pay a stated balance of $1,499.04 due on…