Black Motor Co. v. Thomas

Opinion of the Court by

Judge Cammack

Reversing.

M. H. Thomas purchased a 1937 model Oldsmobile coupe from the Black Motor Company of Harlan, in January, 1938. The cash selling price of the car was $700. He traded in his old car upon which an allowance of $300 was made. Thomas did not pay cash for the car, but entered into a conditional sales contract with the Southeastern Sales Company of Harlan, which provided that the time price of the car should be $829.74. The sum of $529.74, the difference between the $300 allowed on Thomas’ old car and the time price, was to be paid in 18 equal monthly…