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LEDMAN v. G.A.C. FINANCE CORPORATION OF BALTIMORE

No. 3709.

213 A.2d 246 (1965)

Ralph Dean LEDMAN and Janie Margaret Ledman, Appellants, v. G.A.C. FINANCE CORPORATION OF BALTIMORE, Appellee.

District of Columbia Court of Appeals.

Decided September 22, 1965.

Attorney(s) appearing for the Case

Milton C. Gelenian, Washington, D. C., for appellants.

Ronald Goldberg and Marvin E. Perlis, Washington, D. C., for appellee.

Before HOOD, Chief Judge, and QUINN and MYERS, Associate Judges.

MYERS, Associate Judge.

In 1955 appellants purchased a new automobile in Maryland for $3,505.51, making a cash down payment of $225.00 and receiving a trade-in allowance for their old car of $675.51, leaving a balance unpaid of $2,605.00, to which were added $1.00 for recording, an insurance charge of $299.00, and finance charges of $591.32, yielding a total time balance of $3,496.32. Appellants agreed to make thirty-six equal monthly installment payments of $97.12...

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