General Motors Acceptance Corp. v. Whiteley

Stansberry was an automobile dealer in the town of Seymour. He handled the Chevrolet line. The defendant Whiteley was likewise an automobile dealer in the town of Corydon and handled the Chevrolet line in that town. Stansberry w.as embarrassed financially and was aided financially by the plaintiff in carrying his stock of automobiles. He had upon his floor five new Chevrolet cars, which he had carried since the early summer of 1931. He was confronted with the possible necessity of carrying his stock over into the ensuing season. On Monday, October 26, 1931, he sold them to the defendant for…