Tender of overdue payments


Case Problem:

Standridge purchased a Chevrolet automobile from Billy Deavers, an agent of Walker Motor Company. According to the sales contract, the balance due after the trade-in allowance was $2,282.50, to be paid in twelve weekly installments. Standridge claims that he was unable to make the second payment and that Billy Deavers orally agreed that he could make two payments the next week. The day after the double payment was due, Standridge still had not paid. That day Ronnie Deavers, Billy’s brother, went to Standridge’s place of employment to repossess the car, which the Walker Motor contract permitted. Rather than consenting to the repossession, Standridge drove the car to the Walker Motor Company’s place of business and tendered the overdue payments. The Deavers refused to accept the late payment and instead demanded the entire unpaid balance. Standridge could not pay it. The Deavers then blocked Standridge’s car with another car and told him he could just ‘‘walk his … home.’’ Standridge brought suit, seeking damages for the Deavers’s wrongful repossession of his car. The Deavers deny that they granted Standridge permission to make a double payment, that Standridge tendered the double payment, and that they rejected it. They claim that he made no payment and that, therefore, they were entitled to repossess the car. Discuss whether the car was properly repossessed.

Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.

Request for Solution File

Ask an Expert for Answer!!
Business Law and Ethics: Tender of overdue payments
Reference No:- TGS01972922

Expected delivery within 24 Hours