General Motors Acceptance Corp. v. Sanders

Appellee owned a •second-hand automobile, which he traded to a .dealer named Hartou, at Conway, as part payment for a new sedan. According to the testimony of appellee, the trade was made on January 2, 193-0, at which, time he signed a blank sales contract. He was allowed a credit of $500 for his old car, and was to- pay -a balance, including* carrying charges, of $491, payable at the rate of $41 per -month for eleven months and at the end -of the year a twelfth payment of $40. The first and second payments of $41 each were made promptly by appellee to Hartón, and a payment of $31 was made…