Merchants frequently attract the
attention of customers by adver
tising the conditional sales con
tract security device as the “easy
payment (tan,” “budget plan,”
"deferred payment plan,” or “dig
nified credit plan.”
X the conditional buyer misses
one of his payments, may the
seBfcr take the property back?
Yes. If the condition*! buyer
'lifis to make any payment when
ft is due, the' seller can repossess
or take back the property.
X the seller repossesses or takes
back the property he can still sue
the buyer f^r the amount of the
sales price not yet paid, less any
amount he gets from a -resale of
the property.
la a conditional sales contract
valid oral? ,
A conditional sales contract is
valid, ay between the conditional
fflw1 and the. conditional buyer,
wdthouta writing. But in order to
he valid against the creditors of,
end purchasers for a valuable con
sideration from, the conditional
buyer it must be in writing, and
registered, in Jhei, court house.
contracts. They frequently regis
ter only contracts involving a largo
sum of money or where, In their
opinion, there is considerable fi
nancial risk.
Where must the conditional
sales contract be registered?
X the conditional buyer is an
individual who resides in North
Oarolina. the contract must be re
gistered in the office of the regis
ter of deeds of the county where
the'conditional buyer reside* at
the time the instrument is exe
Where a conditional sales con
tract has been registered in the
proper county, a subsequent change
of residence of the buyer or a
subsequent removal of the pro
perty, to another county of North
Carolina does not affect the hen.
The law does not require a se
cond registration in this State in
either of these events.
A resident of North Carolina buys
an automobile, from the Jones Mo
tor Company- The. conditional
•ales contract is not registered.
The conditional buyer sell* the
automobile to Tom Smith who has
F(’ «r."v;p vt/. ,• K*-.- :
PK knowledge erf the fact that
the automobile wfs acquired from
the Jones Motor Oompmy under
a conditional safea contract Does
———
a valid title to the
Yes. The Jones Company should
have protected its lien on the |
automobile by a registration of
the conditional sales contract No
notice, however full and formal
wall supply the want of registra
, > .. ,>
...K
I jit .
1 Htln
IN ANNOUNCING my candidacy for re-election to Congress, I first
want to express my sincere thanks to the good people of the Third
Congressional District for the confidence and trust shown in me over
the years.
To tiie best of my ability, I have sincerely tried to make my record one of
service and one of which both myself and our District would be proud. This
I sincerely believe I have accomplished.
'My record shows that I have never hesitated to go even beyond the call
• of normal duty to help in all matters of vital interest to you, including
such matters as military bases (including Camp Lejeune, Cherry Point, and
Seymour Johnson); river, harbor and drainage projects; school projects
for towns, roads; EE A projects, veterans’ problems, railroad and transpor
tation, and marketing of agricultural products.
My record shows that all these problems and others have, of course, been
in addition to the heavy history making legislative program, much of which
has been of direct benefit to bur District. I am proud that this record
includes the George-Barden Act, dealing with vocational training; the
Barden-LaFollette Act, dealing with the training of the physically handi
capped; the Tobacco Program, and many others.
My 21 years of congressional seniority, service on many important legisla
tive committees, and the Chairmanship I now hold on the very important
House Committee on Education and Labor have taught me many things.
Among them, the sure knowledge that legislation is not passed by pressing
buttons, regardless of promises. Instead, effective legislative work requires
a lot of experience, hard work and a respected standing with your fellow
Members of the Congress. All these, advantages I have to offer our District.
Between now Snd the May 26 Primary; I plan to visit the District as much
as the legislative schedule of the Congress will allow, but there will be
much legislation of vital interest to our District which will require my
being in Washington.
I malm only one promise, I shall strive to continue to represent our District
in tbs future to the best of my ability as my record shows I have done in
fhbpast <»•
f.v...-; • •»*. • -v nov . n4£ ,
I EARNESTLY SOLICIT AND NEED YOUR SUPPORT.