Ezell v. Associates Capital Corporation

OPINION

HENRY, Justice.

This is a suit upon an implied contract to procure or provide automobile insurance.

On November 2, 1970, petitioner purchased from Donald Washburn Motors, of Lawrenceburg, a 1968 Plymouth Barracuda, for $1,050.00, plus his trade-in.

He executed a retail installment sales contract, and a promissory note on the same date. These documents, together with the disclosure statement, indicate that after credit life, credit health and accident, and property damage insurance were added, and after finance and interest charges at the rate of 21.75% were added, he owed a total of…