WADDILL, Commissioner.
On July 11, 1953, Grayson Motor Sales sold James Cleon Shannon a 1949-Model automobile at the price of $1,826.50. Shannon was allowed a credit of $400 on the purchase price by trading in his old car. The balance of $1,426.50 was to be paid in monthly installments over a period of eighteen months. The indebtedness was evidenced by a note signed by Shannon and his father.
The contract of sale contained the following provision:
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