Interstate Finance Corp. v. Dunphy

The facts in this case are not in serious dispute. Plaintiff is a corporation engaged in business of discounting conditional sales contracts on automobiles and loaning money with automobiles as security. In April, 1938, plaintiff bought from Philip Doheny, automobile dealer in Janesville, a conditional sales contract on a Hudson automobile, Doheny being the vendor and defendant the vendee. There being default in the payment of instalments upon this contract a conference was had between plaintiff and Doheny, and it was disclosed to plaintiff that defendant had fully paid for the car, and that…