Commonwealth Bank & Trust Co. v. Keech

Opinion by

Flood, J.,

The defendants have appealed from the action of the court below in refusing to open a judgment entered against them by confession on a motor vehicle installment sáles contract. The court considered the matter on petition, answer, stipulation and depositions.

The defendants .on March 29,1961, purchased a 1961 Ford from Merle C. Freeborn, giving a 1957 Ford in trade and executing an installment sales contract for the balance of the purchase price. Freeborn assigned the contract to Industrial Discount Company which financed the sale. That company later reassigned the contract…