Holcomb & Hoke Manufacturing Co. v. Auto Interurban Co.

— On November 19, 1923, Holcomb & Hoke Manufacturing Company sold to the respondent, Auto Interurban Company, a Butter-Kist Popcorn Machine, on a conditional sales contract. The contract price of the machine was $895. Of this sum, $150 was paid in cash, and the balance was agreed to be paid in bi-weekly installments of $29.50 each, and a final installment of $5.50. The contract provided that a promissory note should be given for the deferred payments, and such an instrument was given, although, perhaps, not in form a negotiable instrument. Both the con tract and the note provided that a…