Missouri Inv. Corp. v. United States

Farina bought a, Buick automobile of a St. Louis agency. He paid in cash about one-half the price; for the remainder he gave his note payable in installments and secured by chattel mortgage. The Buick agency, on the same day, discounted and sold this note to the Missouri Investment Corporation, a St. Louis company engaged in the business of “financing” automobile purchase paper. Two months later Mrs. Farina was arrested in Michigan while transporting intoxicating liquor in this automobile, and the latter was seized. She was convicted, and the ear was ordered to bo sold by the marshal after…