Cook v. C.I.T. Corporation

The opinion of the Court was delivered by

Mr. G. B. Greene, Acting Associate Justice.

On October 16, 1937, George J. Mobley of Chester, S. C., purchased from J. W. Anderson Company, Inc., of Rock Hill, S. C., a Terraplane automobile at the time price of $1,-050.24. For a “trade in” purchaser was allowed a credit of $300.00, leaving a balance of $750.24. For this balance Mobley, on the same day, executed to the seller his promissory note payable in twenty-four equal consecutive monthly installments of $31.26, on the like date of each month, the first payable one month after date of note. In…