Manley Auto Co. v. Jackson

The contract was executed May 11, 1921, due in one year from date in favor of E. L. G-laisyer, or his assigns, and was assigned to plaintiff. No payment having been made on the contract, the plaintiff soon after it became due took possession of the automobile under and by virtue of the conditional sales contract, for the purpose of foreclosing the same. The contract provided that in case of default by defendant in the payment of the contract or note, the holder thereof would have the right— ,

“In case of default in the payment of any amount due as above provided * * the second party is…