Stone v. General Contract Purchase Corp.

The General Contract Purchase Corporation, a Missouri corporation, is engaged in financing retail dealers of automobiles. This, it does under agreements so to do with the retail dealers, by paying manufactures or distributors of automobiles purchased by the retail dealer and taking his notes therefor together with a contract that the title to the automobiles shall vest and remain in the appellee until the dealer repays the money advanced him by the appellee for their purchase; and when the dealer sells an automobile taking the purchaser’s note or notes therefor undér a contract reserving the…