Manufacturers Acceptance Corporation v. Gibson

This is an appeal from the Circuit Court of Knox County. It comes directly to this Court upon stipulation of facts, in accordance with T.C.A. sec. 16-408.

The plaintiff in error, Manufacturers Acceptance Corporation, is a Delaware corporation, with an office and place of business in Knoxville, Tennessee. It is engaged, primarily, in the financing of automobile paper. It will be referred to, hereinafter, as M.A.C.

Defendant in error, Edward Gibson, is the owner of the subject matter of this suit, a 1962 Pontiac. For the purpose of this appeal, he is a nominal party.

Defendant in error, Alert…