General Motors Acceptance Corp. v. Merritt

The agreed facts in this ease are, in substance, as follows: In November. 1925, Mrs. Merritt, wife of J. H. Merritt, purchased from a dealer at Jacksonville, in Cherokee county, Tex., an automobile, agreeing to pay therefor a consideration of $1,000. Of the purchase price $280 was paid in cash, and the remainder was to be paid in monthly installments thereafter. The deferred payments were evidenced by a sales contract, in which a lien was retained on the automobile to secure the unpaid balance. The contract bears the signatures of both J. H. Merritt and his wife. Before maturity of the…