DeFelice v. Riggs National Bank of Washington

Judith A. Simmons purchased an automobile from Croyste Toyota ("Croyste”) on June 9,1981. Financing in the amount of $6,648.05 was arranged and Simmons executed a "Maryland Installment Sale Agreement,” although signing only the front of the contract. The seller did not ask Simmons to acquire credit life insurance as a loan condition, but did require fire, theft, comprehensive and collision insurance on the automobile. Croyste assigned its right, title and interest under the contract to Riggs National Bank of Washington ("Riggs”), the appellee herein, but agreed to repurchase the vehicle upon…