Brown v. Suburban Cadillac, Inc.

Prior to the litigation which gave rise to this appeal, the appellant (Brown) was employed by the appellee (Suburban Cadillac) as an automobile salesman, and pursuant to his employment was given an opportunity to purchase an automobile from the company at $300 above the company’s cost. Brown purchased a 1970 Cadillac on or about September 26, 1969, pursuant to a “Salesman Demonstrator Plan.” This plan was in contract form and was executed by Brown. Under the terms of this agree ment the company had the right to repurchase the automobile “at any time.” If the automobile was financed, title to…