State Farm Mut. Auto. Ins. v. McKay

On September 15, 1948, McKay Motors, a partnership firm composed of appellee and his son, R. C. McKay, sold to Don Breland a new Kaiser automobile. The transaction was evidenced by a conditional sale contract showing a cash payment of $850.00 and a balance payable in 24 consecutive monthly installments of $86.20 each beginning one month thereafter. The form used in the preparation of this contract was a printed contract used ordinarily by C. I. T. Corporation and it was contemplated that that company would purchase the contract from McKay Motors, but in a few days it declined to handle the…