General Credit, Inc. v. Universal Credit Co.

Universal Credit Compány sued General Credit, Inc., to recover damages for the conversion of a Ford automobile. Both corporations are engaged in financing the purchase of automobiles. Universal purchased the automobile in question from Ford Motor Company and delivered possession to one Tyrrell, then engaged in the retail sale of automobiles in a suburb of Washington across the Maryland line. There was no bill of sale from Universal to Tyrrell. Delivery was made against a trust receipt, by the terms of which Tyrrell agreed not to sell, loan, deliver, pledge, or dispose of the automobile except…