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LIBERTY LOAN CORP. v. STANLEY

No. 7808.

389 So.2d 1355 (1980)

LIBERTY LOAN CORPORATION, Plaintiff-Appellee, v. Joe W. STANLEY and Doris Stanley, Defendants-Appellants.

Court of Appeal of Louisiana, Third Circuit.

October 8, 1980.

Attorney(s) appearing for the Case

Gist, Methvin, Hughes & Munsterman, H. B. Gist, III, Alexandria, for defendant-appellant.

Edward A. Kaplan, Alexandria, for plaintiff-appellee.

Gold, Little, Simon, Weems & Bruser, Donald R. Sharp, Alexandria, for defendant-appellee.

Before GUIDRY, SWIFT and DOUCET, JJ.

SWIFT, Judge.

On September 15, 1978, the defendants, Joe W. and Doris Stanley, purchased a 1975 Oldsmobile Cutlass from Big A Auto Sales, Inc. (Big A Sales) for $3250.00, of which $450.00 was paid in cash. The balance, $2800.00, was financed through a loan from Liberty Loan Corporation (Liberty Loan) evidenced by a retail installment contract, a note and a chattel mortgage.

In the section of the installment contract entitled "DISCLOSURES MADE IN COMPLIANCE...

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