Lusk-Harbison-Jones, Inc. v. Universal Credit Co.

During the years herein mentioned, appellant was the authorized agent for Ford automobiles at Leland and adjacent territory. Appellee is a dealer in automobile paper; that is to say, it advances the cash to the local distributors of automobiles on the conditional sales contracts and notes of the purchasers evidencing deferred installment payments. It would appear from the record that appellee is a subsidiary of the Ford company. In any event, it works in close connection with that, company and its local distributors. In 1929 three, and in 1930, two, sales contracts were purchased by appellee…