Hill v. Michigan National Bank
Michigan Court of Appeals
1Opinion of the CourtT. M. Burns, J.
On May 22, 1972, plaintiff Percy B. Hill purchased a new 1972 Volkswagen from Tom Sullivan VW Company and executed an automobile retail installment contract with that company. The cash purchase price was $2,380. Plaintiff paid a down payment of $350, and the time balance of $2,446.92 was to be paid in 36 consecutive monthly installments of $67.97, commencing June 20, 1972. Under this agreement, Tom Sullivan VW Company retained a security interest in the vehicle.
The contract was later assigned to defendant Michigan National Bank of Detroit. Under the contract, the secured party was given the…
2Cases cited18 opinions
- Fuentes v. ShevinSupreme Court of the United States · 1972
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