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PACIFIC DISCOUNT CO., INC. v. JACKSON

37 N.J. 169 (1962)

179 A.2d 745

PACIFIC DISCOUNT CO., INC., A NEW JERSEY CORPORATION, PLAINTIFF-APPELLANT, v. HENRY JACKSON AND AUDREY ROBINSON, DEFENDANTS-RESPONDENTS.

The Supreme Court of New Jersey.

Decided April 2, 1962.

Attorney(s) appearing for the Case

Mr. H. Kermit Green argued the cause for appellant (Mr. Milton S. Kramer, attorney).

Mr. C. Clyde Ferguson, Jr., of the Massachusetts and New York Bars, argued the cause for respondents as amicus curiae.

The opinion of the court was delivered by HANEMAN, J.

Defendant Jackson agreed to purchase an automobile from St. George Motors (Motors) upon a conditional sales contract accompanied by a promissory note signed by him and cosigned by defendant Robinson. Plaintiff became the owner of the defendant's note and contract by Motors' endorsement and assignment. After making a number of payments Jackson defaulted. Plaintiff thereupon repossessed the automobile. In the process...

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