Lirette v. Menard

On April 13, 1942, the defendant bought a used Hudson automobile from the plaintiff, an automobile dealer in Houma, Louisiana, for $531.45, on which he traded in a truck valued at $150, representing the cash payment, and gave his note for $381.45 payable in fifteen monthly installments of $25.43. The dealer's statement of the transaction between them, as presented by an exhibit filed in the record, shows that the sale, price of the Hudson automobile was $450. The $150 paid in cash therefore represented one-third of the purchase price, the amount demanded by the plaintiff and which as we…