General Motors Acceptance Corp. v. Gilbert

VALLÉE, J.

Appeal by defendant from an adverse judgment in a suit to quiet title to an automobile.

On September 2, 1955, a Friday, Murray Desmond purchased a new 1955 Oldsmobile from C. Standlee Martin, an automobile dealer in Long Beach, California, under a conditional sale contract. The contract recited the cash price as $4,534.56 and “Total Down Payment . . . Consisting of $700.00 Cash, $861.56 Auth. Disc. ... $1561.56 ... Remainder . . . $2973.00.” The contract called for monthly payments, payable at an office of General Motors Acceptance Corporation, called G.M.A.C., and reserved title in…