Connie R. Grady purchased a new Chevrolet Chevette from Al Thompson Chevrolet (Thompson). Grady gave Thompson a

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Connie R. Grady purchased a new Chevrolet Chevette from Al Thompson Chevrolet (Thompson). Grady gave Thompson a down payment on the car and financed the remainder of the purchase price through General Motors Acceptance Corporation (GMAC). Grady picked up the Chevette. The next day, the car broke down and had to be towed back to Thomp-son. Grady picked up the repaired car one day later. The car’s performance was still unsatisfactory in that the engine was hard to start, the transmission slipped, and the brakes had to be pushed to the floor to function. Two weeks later, Grady again returned the Chevette for servicing. When she picked up the car that evening, the engine started, but the engine and brake warning lights came on. This pattern of malfunction and repair continued for another two months. Grady wrote a letter to Thompson, revoking the sale. Thompson repossessed the Chevette. GMAC sued Grady to recover its money. Grady sued Thompson to recover her down payment. Thompson claimed that Grady’s suit was barred be-cause the company was not given adequate opportunity to cure. Who wins? General Motors Acceptance Corp. v. Grady, 27 Ohio App. 3d 321, 501 N. E. 2d 68, 1985 Ohio App. Lexis 10353 (Court of Appeals of Ohio)

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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