Knox v. Thomas

TUCKETT, Justice:

The plaintiffs brought these proceedings pursuant to the provisions of the Uniform Consumer Credit Code, Section 70B-5-203, Utah Code Annotated 1953, as amended. The court below entered judgment in favor of the plaintiffs, and the ' defendant appealed.

The defendant is a used car dealer and as such entered into an installment sales contract with the plaintiffs on September 15, 1971. The defendant prepared a contract in question and computed the finance charge to be added to the purchase price. The defendant failed to calculate or to enter the annual percentage rate in the…