United States v. One Buick Sedan Automobile

On December 21, 1921, the Howard Automobile Company of Los Angeles, Cal., entered into a written conditional sale contract, whereby it delivered and agreed to sell to Nick Pappas one Buiek sedan automobile for the sum of $2,933.73. The contract contained the usual terms, conditions, and covenants found in agreements of conditional lease and sale of personal property, wherein title to the automobile was reserved and retained in the Howard Automobile Company until all of the purchase price was fully paid and all of the terms of tho contract had been strictl y- kept and performed. The purchase price was made payable as follows: Seven hundred dollars was paid at the time of the execution of the contract, when the automobile was delivered into the possession of Pappas, and the balance was to be paid in successive monthly installments until entirely paid. Upon the payment of the purchase price and compliance with and fulfillment of «11 other provisions of the contract, tho Howard Automobile Company agx*eed to transfer the title to the automobile and to deliver a bill of sale thereof. The contract contained a provision as follows: “It is distinctly understood and agreed that during the…