Thompson v. Commercial Credit Equipment Corp.

This is an appeal from the district court for Scotts Bluff County. It involves an action brought in that court by Howard S. Thompson against Commercial Credit Equipment Corporation and Brubaker-Sommers Company to have declared void a certain obligation executed by plaintiff to defendant Brubaker-Sommers Company in the form of a “Purchase Agreement” and assigned by it to defendant Commercial Credit Equipment Corporation. The basis for the action is the claim that the obligation owing under the “Purchase Agreement,” which is payable in installments, was in fact a loan and, as such, within the…