Universal C. I. T. Credit Corp. v. Daniel

Under date of October 21, 1948, respondent, J. B. Daniel, then doing business as an automobile dealer in Waxahachie, Texas, entered into a written contract with petitioner, Universal C.I.T. Credit Corporation, under the terms of which respondent agreed to sell to petitioner acceptable paper covering new and used cars.

The contract is headed “Retail Protection Agreement For Automobile Dealers” and is set out in full as a footnote to the opinion of the Court of Civil Appeals. The parties seem to agree that only paragraphs 1, 2 and 3 and part of paragraph 7 have any pertinency here. These…