U. S. Industries, Inc. v. Borr

(on reassignment).

The complaint in this case alleged two causes of action.

The first alleged that the defendant, E. O. Borr, entered into a retail installment contract with Archie Ryckman by which Mr. Ryckman promised to pay to Mr. Borr a certain sum of money in annual installments and agreed that, upon default, all of the unpaid installments, at the seller’s option, would immediately become due and payable; that Mr. Borr assigned that contract to the plaintiff, U. S. Industries, Inc. (which we shall hereafter refer to as the corporation), and that by the terms of that assignment Mr. Borr…