Reno v. General Motors Accept. Corp.

Appeal by the plaintiff from a summary judgment in favor of the defendant. We affirm.

The plaintiff, Reno, purchased a new 1977 Chevrolet automobile from Wood Chevrolet Company in Birmingham on March 14, 1977. The purchase contract was assigned to the defendant, General Motors Acceptance Corporation (GMAC), a company engaged in the business of financing automobiles. (No issue is made on the effect of this assignment.) The terms of the contract specified forty-two monthly installment payments of $141.54 each, beginning April 28, 1977, and totaling $5,944.68.

The plaintiff made timely payments…