Williams v. General Motors Acceptance Corporation

General Motors Acceptance Corporation sued Vermon Williams and B. H. Mullis on a conditional-sale contract for the balance of principal and interest due thereon, the contract having been entered into between Williams and Mullis, purchasers, and S. & Z. Chevrolet Company, seller, and assigned to General Motors Acceptance Corporation, The buyers defended on the ground that after the contract was assigned the plaintiff accepted the consideration to be used for the purchase of fire and theft insurance, and procured a fire and theft policy, payable to the assignee and the buyers as their interest…