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CHARLEY v. RICO MOTOR COMPANY

No. 508.

480 P.2d 404 (1971)

Hasbah CHARLEY, Sam Charley and Acey Charley, Plaintiffs-Appellants, v. RICO MOTOR COMPANY, a corporation, and General Motors Acceptance Corporation, Defendants-Appellees.

Court of Appeals of New Mexico.

January 15, 1971.

Attorney(s) appearing for the Case

Robert Hilgendorf, Chinle, Ariz., Eric Treisman, Crownpoint, for plaintiffs-appellants.

Walter F. Wolf, Jr., Schuelke & Wolf, Gallup, for defendant-appellee Rico Motor Co.

OPINION

SPIESS, Chief Judge.

This appeal presents questions of first impression relating to the Uniform Commercial Code.

On May 19, 1964, appellants purchased a pick-up truck from Rico Motor Company (appellee) at a purchase price of $3,089.35. The full amount of the purchase price was not paid at the time of sale. An advance, or down-payment of $1,061.35 was made by the appellants, which consisted of a trade-in of another vehicle and appellants'...

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