Universal C. I. T. Credit Corp. v. Frazier

In this appeal on questions of law, the plaintiff will be referred to as the finance company and the defendant as the debtor.

The debtor bought a used 1954 Chevrolet car. The finance company owned a purchase-money note and mortgage in the original amount of $1,170.96 payable in 24 consecutive monthly installments of $48.79 each. Ten such installments were paid totaling $487.90. The debtor defaulted, leaving an admitted balance of $683.06 due. The finance company repossessed the car under the terms of the mortgage. It then gave notice and sold the car at auction under Section 1319.07, Revised…