Fausett v. General Electric Contracts Corporation

PRATT, Justice.

On July 7, 1938, Max Fausett purchased from the Carbon Furniture and Appliance Company a Hot Point refrigerator. The purchase was made upon a title retaining note, for $216.64, upon which $75 was paid cash down and the balance was to be paid at the rate of $10 per month for 13 months and $11.64 for the fourteenth month. The contract contained the usual clause that for a failure in payment of any installment when due the unpaid balance shall at once become due and the seller “may, without notice or demand, by process of law or otherwise, take possession of" the refrigerator…