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

On February 22, 1954, Clark A. Bailey, an enlisted man in the United States Navy, purchased a 1953 automobile from the Natrona Motor Company of Casper, Natrona county, Wyoming. To secure the unpaid balance of $2,441.70 on the purchase price, Bailey and the Natrona Motor Company entered into a conditional sales contract which was immediately assigned to appellant, Universal C. I. T. Credit Corporation. Under the terms of the contract title to the automobile was reserved in the vendor pending payment by Bailey of the total purchase price. It was also agreed that Bailey would not “sell,…