Ashland Finance Co., Inc. v. Mollett

Opinion op the Court by

Judge Richardson

— Reversing.

The Cargill Motor' Company of Ashland, Ky., engaged in the automobile business at Ashland, sold a truck to Ralph Mollett, at the price of $628.44, payable in 12 monthly installments of $52.37, on the 5th day of each consecutive month after date. He executed and •delivered a note therefor and a conditional sales contract of even date, the latter carrying a provision that, if any one payment was not made when due, all of them should become due. The conditional sales contract recited that, “for the purpose of securing to the said seller the…