Universal C. I. T. Credit Corp. v. Crosby

CULPEPPER, Judge.

The plaintiff, Universal CIT Credit Corporation, brought this suit against H. H. Crosby, a used car dealer, to enforce a “repurchase agreement”, whereby Crosby agreed to repurchase from UCIT a certain automobile. Crosby filed a third party demand against Horace Poullard, the original purchaser of the vehicle from Crosby. After a trial on the merits the lower court rendered judgment on the principal demand in favor of UCIT and against Crosby enforcing the repurchase agreement, i. e., decreeing Crosby to be the owner of the automobile and granting judgment against Crosby in…