Seargeant v. Smith

BLAKE, Superior Judge.

The appellee Smith was a used car dealer and the appellant Seargeant was a licensed money lender under the Small Loan Statute of Arizona. Code 1939, § 51-801 et seq. Prom time to time appellee Smith would find a used car for sale. Appellant Seargeant, after inspection in each instance, would pay the purchase price of the car. The car was then put on appellee Smith’s used car lot. The appellant Seargeant held the certificate of title endorsed in blank. In each case appellant Seargeant gave appellee Smith an option on the car. The option entitled Smith to purchase the car…