Can an assignee or assignee of a vendor under a conditional sales contract, and if so, what are the consequences if the vendor decides to cancel the contract?
Alberta, Canada
The following excerpt is from General Motors Acceptance Corporation of Canada Limited v. Sherwood, 1992 ABCA 239 (CanLII):
In General Motors Acceptance Corporation v. Sherwood, the Appellant (Plaintiff) was the assignee of the vendor under a conditional sales contract. The debtor at a very early stage decided that he did not want to go through with the transaction or that it was not effective, and he purported to deliver the vehicle back to the original vendor.
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