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DAVIS v. YELLOW MANUFACTURING ACCEPTANCE CORP.

No. 12873.

242 F.2d 503 (1957)

L. G. DAVIS, Appellant, v. YELLOW MANUFACTURING ACCEPTANCE CORPORATION, Appellee.

United States Court of Appeals Sixth Circuit.

March 20, 1957.

Attorney(s) appearing for the Case

Frank M. Wiseman (of Marx, Levi, Thill & Wiseman), Detroit, Mich., Robert S. Marx, Lawrence I. Levi, Detroit, Mich., on brief, for appellant.

Nicholas Rosiello, Detroit, Mich., Henry M. Hogan, Detroit, Mich., on brief, for appellee.

Before STEPHENS, MILLER, and STEWART, Circuit Judges.

STEWART, Circuit Judge.

In 1949 Cadillac Rentals, Inc., entered into a conditional sale contract at Detroit, Michigan, for the purchase of five trucks from appellee's assignor, General Motors Corporation. The total contract price of approximately $21,000 was payable in installments over a three year period. In the event of the buyer's default, the contract provided that the seller could either sue for the unpaid balance or repossess the trucks and retain prior payments...

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