Universal C.I.T. Corp. v. Courtesy Motors, Inc.

WADE, Justice.

This is an appeal by Universal C. I. T. Corporation, appellant herein and plaintiff below, from a directed verdict in favor of the Courtesy Motors, Inc. in an action appellant brought against Courtesy for conversion of appellant’s equitable interest in an automobile.

The facts are not in dispute. The automobile in question was purchased by one Dick Channel on November 27, 1956, from the Goffe Motor Company in Pueblo, Colorado, at which time he gave a check for $853.85 as down payment and executed a chattel mortgage for the sum of $2,763.36 for the balance due. The Goffe Motor…