Connecticut Bank & Trust Co. v. Stephen Pontiac-Cadillac, Inc.

On July 29, 1966, Joseph D. Morin of Plainville, Connecticut, hereinafter referred to as the buyer, purchased from the defendant, hereinafter referred to as the dealer, a new 1966 Pontiac two-door hardtop sedan, under a retail instalment contract, for a total cash delivered price of $4080.50. The buyer was given a trade-in allowance on his 1963 Pontiac car of $833.99, leaving an unpaid balance due of $3246.51, to which finance charges aggregating $487.41 were added, leaving a time balance of $3733.92, payable in thirty-six monthly instalments of $103.72 each, commencing on August 30, 1966. It…