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COMMERCIAL CREDIT CORP. v. NELSON MOTORS, INC.

18478

247 S.C. 360 (1966)

147 S.E.2d 481

COMMERCIAL CREDIT CORPORATION, Respondent, v. NELSON MOTORS, INC., Appellant.

Supreme Court of South Carolina.

March 16, 1966.

Attorney(s) appearing for the Case

Messrs. Robinson, McFaddin & Moore, of Columbia, for Appellant.

J. Reese Daniel, Esq., of Columbia, for Respondent.

March 16, 1966.

BRAILSFORD, Justice.

This is an action by Commercial Credit Corporation against Nelson Motors, Inc. to recover Commercial's loss on certain contracts or mortgages securing the credit portion of the purchase price, including finance and insurance charges, of automobiles purchased from Nelson by retail customers. These installment contracts, referred to in the record as security instruments, had been assigned to Commercial at a discount by Nelson...

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