Cady L. Daniels, Inc. v. Fenton

The defendant in this action, Mrs. Fenton, bought of the plaintiff Daniels, Inc., a corporation, an used automobile at an agreed purchase price of $351, upon which she paid $47 in cash at the time of purchase, leaving a balance due plaintiff of $304, payment of which amount to plaintiff she secured by a chattel mortgage on the purchased automobile. Thereafter plaintiff sold this balance due, *410as evidenced by the written contract, to the General Motors Acceptance Corporation, guaranteeing its payment. This contract was subsequently defaulted and thereupon the plaintiff corporation paid the…