Southern Acceptance Corporation v. Key

HALLEY, Vice Chief Justice.

Walter E. Key, hereafter referred to as defendant, purchased an automobile from Dale Case, an automobile dealer in Oklahoma City for $2,500. He paid $400 down on the car and with the assistance of Dale Case borrowed $2,100 from the plaintiff in error, Southern Acceptance Corporation, who will be referred to as plaintiff, to take up the balance of the purchase price. To obtain this loan he gave a note to plaintiff on December 14, 1959, in the sum of $2,484.84, payable $300 on January 15, 1960, and thirty-six payments monthly thereafter at $60.69 per month, beginning…