Stemland v. C. I. T. Corporation

Plaintiffs appealed from an adverse judgment entered notwithstanding the verdict in their favor.

Plaintiffs, father and son, bought an automobile under a conditional sale contract. The seller assigned its interest to defendant, a finance corporation, which now stands in the shoes of the seller. The car ivas in possession of the son. Early in January, 1931, there ivas a default in payments, and defendant repossessed the car and sold it for $75. In the early part of February, 1931, defendant’s Chicago lawyer, apparently not knowing that the property had been repossessed, wrote the father that…