Graham v. Universal Credit Co.

LANE, Justice.

In negotiations between W. H. Graham and Johnston Motor Company, a corporation, whereby said company offered to sell a Ford automobile to Graham for cash for $676, or on time for $757, Graham accepted the credit proposition and purchased the car, and paid thereon $225, and executed his obligation to pay the further sum of $531 in monthly installments of about $30 per month, with the highest legal rate of interest on each of such installments after maturity. The contract between the parties provides the usual 10 per cent, attorney’s fees in the event of default being made in the…