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MURDOCK ACCEPTANCE CORP. v. CLIFT

No. 5-155.

259 S.W.2d 517 (1953)

MURDOCK ACCEPTANCE CORP. et al. v. CLIFT.

Supreme Court of Arkansas.

June 22, 1953.

Attorney(s) appearing for the Case

Lowell W. Taylor, Memphis, Tenn, Owens, Ehrman & McHaney, Little Rock, for appellants.

H. B. Stubblefield, Little Rock, for appellee.

WARD, Justice.

On May 13, 1952 appellee and her husband, Henry Clift, went to the Scallion Motor Co. and completed arrangements to purchase a 1949 Model Chevrolet Automobile which had been advertised for sale for $1,295. In substance the deal was for Henry Clift to trade in a 1947 Willys Station Wagon and pay $57 per month for 24 months, which payments were inclusive of interest, insurance, and a small amount designated as "Dealer's Reserve". After all papers had...

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