Peoples State Bank v. Caterpillar Tractor Co.

Appellee is engaged in the manufacture and sale of tractors and other machinery. Perry & Wilson Equipment Company, Inc., was engaged in the sale of such machinery in Indianapolis, and was the agent or dealer through which appellee’s products were sold in the territory adjactent to Indianapolis. Appellee delivered a tractor to Perry & Wilson Equipment Company, Inc., for resale to Jay County, Indiana. It was delivered under a conditional sales agreement, by the terms of which Perry & Wilson Equipment Company, Inc., executed a note for $2,940, the wholesale price, to secure which it assigned the…