Isaacson

State Finance Co. v. Isaacson

Good Law
1927 Cal. App. LEXIS 215·86 Cal. App. 113·260 P. 580
Court of Appeal of CaliforniaOctober 14, 1927Docket No. 3233.California2,108 words

Opinion

Lead Opinion

Plummer, J.

On the twenty-fifth day of July, 1925, one Ed. L. Wissler, a dealer in new and second-hand automobiles, at Marysville, California, entered into a contract of conditional sale with, one Emanuel Kanupes, for a certain automobile known and called a “Jewett Businessman’s Coupe.” This contract set forth the purchase price of the automobile, the payment thereon of the sum of $440 upon the signing of the contract, and the balance thereof to be paid in monthly installments ending on the first day of February, 1927. The contract specifies' that the purchaser agreed to make such payments according to the terms of the contract; that in the event of a failure to malte sueh payments, the seller might repossess himself of said automobile and sell the same, and apply the proceeds thereof upon the contract, or might declare all of the unpaid installments immediately due upon the contract and bring suit therefor. The title to the property was reserved to the seller and was to remain in him until the full completion of the contract. Immediately upon the execution of this contract the said Wissler sold and transferred all of his right, title, and interest in and to the property, and also to the…

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