Johnson v. Finance Acceptance Co. of Georgia

October 14, 1931, defendant in error, Finance Acceptance Company purchased all notes and accounts receivable of the Johnson Discount Company with the alleged promise that it (Johnson Discount Company) would not go back into the small loan business in Jacksonville within a reasonable time.

November 5, 1931, Finance Acceptance Company addressed the following letter to Ray Chapman, one of its clients whose note was among those purchased from Johnson Discount Company:

“On September 14th, 1931, we purchased all notes and accounts receivable of the Johnson Discount Company of Jacksonville and at that…