Landaus of Plymouth, Inc. v. Scott (In Re Scott)

MEMORANDUM AND ORDER

THOMAS C. GIBBONS, Bankruptcy Judge.

Parties to this adversary proceeding have stipulated to and submitted the facts to the Court for resolution. Briefly stated, as set forth in debtors’, (defendants’), memorandum, debtors made a series of purchases of consumer goods from plaintiff over a period of years. With each succeeding contract the balance due on the preceding contract was added to the cash price of the current contract so that the final contract contained whatever balance was due on the preceding purchases. Each contract, however, noted in the description of…