Gill v. Universal CIT Credit Corporation

FANNING, Justice.

Universal C.I.T. Credit Corporation, an automobile finance company, sued Joe Gill d/b/a Ace Auto Sales, an automobile dealer, alleging breach of a written “Retail Protection Agreement”, alleging that under said contract Gill was obligated to purchase from it seven automobiles which it had repossessed from seven defaulting purchasers to whom Gill had sold said automobiles originally and from whom he had taken promissory notes secured by mortgages upon said automobiles, which notes and mortgages had been purchased by the finance company from Gill and duly assigned by Gill to…