Laird v. Byrd

Hart, C. J.,

(after stating the facts). It is well settled in this State that one who sells personal property with reservation of title, upon the purchaser’s default may either treat the sale as canceled and bring an action of replevin, or treat the sale las absolute and sue for the purchase money. It is equally well settled that the purchaser has the right to pay the balance of the purchase price, so as to prevent the seller from retaking the property. Culberson v. Lakella Iron Works, 170 Ark. 813, 281 S. W. 373.

The Commercial Investment Trust, by transfer and assignment from Hugh McKenzie,…