General Motors Acceptance Corp. v. Grissom

Defendant-third-party plaintiff, Henry Grissom, Jr. (hereinafter Grissom), appeals from a judgment of the circuit court of St. Clair County entered in favor of plaintiff, General Motors Acceptance Corporation (hereinafter GMAC), for the deficiency balance due on a retail installment contract and against Grissom on his complaint against third-party defendant, Bob Brockland Pontiac-GMC, Incorporated (hereinafter Brockland).

On November 11, 1981, Grissom purchased a used 1980 Ford van from Brockland. Grissom paid $1,000 at the time of purchase and financed the balance through GMAC. The van was…