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HILBURN v. GENERAL ELECTRIC CREDIT CORPORATION

No. 2 CA-CIV 501.

8 Ariz. App. 10 (1968)

442 P.2d 547

James HILBURN and Cleo Hilburn, dba Hilburn Firestone, Appellants, v. GENERAL ELECTRIC CREDIT CORPORATION, Appellee.

Court of Appeals of Arizona.

June 18, 1968.

Attorney(s) appearing for the Case

Knez & Glatz, by Nick Knez, Tucson, for appellants.

Stuart Herzog, Tucson, for appellee.

MOLLOY, Judge.

This litigation arises out of a contract between a retail appliance dealer and a finance company. Under the contract, the appliance dealer transferred conditional sales contracts to the finance company, receiving a certain percentage of the outstanding balance on the contract as a "purchase" price. The dealer was obligated to "repurchase" any account so transferred in the event of a default by the buyer...

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