C.I.T. Corporation v. Ambrose

The opinion of the Court was delivered by

Mr. Associate Justice Baker.

The order of Judge Hide, requested to be reported, follows :

“On September 17, 1938, A. J. Ambrose, the defendant above named, executed a note to Hyman Motors, Inc., and a purchase money chattel mortgage securing the same, covering a Plymouth automobile, the principal amount of these papers being $672.00, and payable at the rate of $28.00 per month for 24 months, with interest. This note and the chattel mortgage securing the same were immediately assigned to the plaintiff, C. I. T. Corporation. It is admitted that the monthly…