Commerce Acceptance Co. v. Campbell

WELCH, Justice.

On March 1, 1958, plaintiff, Howard Campbell, an individual doing business under the name of Muskogee Motors, and defendant, Commerce Acceptance Company, Inc., a corporation, entered into a general repurchase agreement, which among other covenants provided: that defendant would from time to time purchase all acceptable notes, chattel mortgages, conditional sales contracts, lease agreements or other security instruments acquired by plaintiff from retail purchases of automobiles, without recourse; that in event defendant repossessed any cars covered by said notes or for any…