Home Finance Company v. Ratliff

DAVIS, Commissioner.

Appellee, Herbert Ratliff, recovered $900.00 compensatory damages and $1,000.-00 punitive damages against Home Finance Company. Appellant contends (1) that no award for punitive damages is warranted, and (2) that $900.00 for compensatory damages is excessive.

Ratliff’s cause of action arose from these ■circumstances: On July 9, 1959, Ratliff purchased a 1956 Chevrolet automobile from Pike Motor Company on a deferred payment conditional sales contract. He paid $250.00 of the purchase price at the time of the sale, and agreed to pay $42.87 per month for twenty-four months…