Stephens v. Smith

Carleton Harris, Chief Justice.

On September 20, 1954, appellees, Terrell (Bunk) Smith, and A. B. Good-game, entered into an agreement with appellant, Sam Stephens, of Monticello, d/b/a Stephens Pontiac & Equipment Company, to purchase a mechanical cotton picker, for the price of $8,517. As purchasers, they executed a conditional sales contract agreeing to pay for the picker as follows:

Cash with Order $ 100.00

Cash on Delivery 3.081.00

Installment Note, 12-1-54 1.231.00

Installment Note, 10-15-55 1.652.00

Installment Note, 12-1-55 2.463.00

The $100 in cash was paid, and a down payment note was…