Universal Credit Co. v. Vance

NEALON, Chief Justice.

Between March 27, 1936 and January 6, 1937, Ford Motor Company sold to Pat-teson Motor Company, certain motor vehicles described in the appellant’s pleadings. Each vehicle was sold under a conditional sales contract, by the terms of which it was provided that title should not pass to the Patteson Motor Company until all sums due under the contract should be fully paid in cash. The contracts provided further that time was of their essence ; that in the event the buyer defaulted in payment or failed to comply with any condition of his contract, or if any other contract…