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RAND'S DISC. v. UNIVERSAL CREDIT CORP.

9 N.Y.2d 454 (1961)

Rand's Discount Company, Respondent, v. Universal C. I. T. Credit Corporation, Appellant.

Court of Appeals of the State of New York.

Decided March 30, 1961.

Attorney(s) appearing for the Case

James C. Sargent, Andrew F. Newell, Homer Kripke and Carl Felsenfeld for appellant.

Isidore Seltzer, Jerome B. Sherman and Stanley R. Lemler for respondent.

Chief Judge DESMOND and Judges DYE, FROESSEL, VAN VOORHIS, BURKE and FOSTER concur.

FULD, J.

Rand's Discount Company is engaged in the "finance business", Universal C. I. T. Credit Corporation, in "the business of purchasing installment contracts resulting from credit sales of automobiles". The controversy between them is over their relative rights to 10 automobiles which had been in the possession of a used car dealer, Lazzaro Sales, Inc., and which were the subject of finance contracts between...

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