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MERCEDES-BENZ CREDIT CORP. v. MORGAN

No. 92-982.

850 S.W.2d 297 (1993)

312 Ark. 225

MERCEDES-BENZ CREDIT CORPORATION, Appellant, v. Jerry MORGAN, Appellee.

Supreme Court of Arkansas.

On Rehearing April 5, 1993.

Attorney(s) appearing for the Case

Robert R. Ross, Little Rock, for appellant.

Robert T. James, Little Rock, for appellee.

GLAZE, Justice.

This tort of conversion case was commenced by Dr. Jerry Morgan after his 1984 Porsche had been repossessed by Mercedes-Benz Credit Corporation (MBCC). Morgan purchased the Porsche from Riverside Motors and afterwards, Riverside assigned the purchase installment contract to MBCC. Under the contract, Morgan was to make a payment of $253.37 on the first day of each month for forty-eight months commencing March...

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