Knight v. General Motors Acceptance Corp.

OPINION

BURDOCK, Justice.

Appellant, Felix Earl Knight, appeals from the granting of a deficiency judgment in favor of appellee, General Motors Acceptance Corporation (GMAC), the holder of a security interest by virtue of a retail installment contract.

We reverse and render judgment for Knight.

The trial below was to the court. The judge entered a judgment against Knight which awarded appellee $1,300.63, plus prejudgment interest in the amount of $513.70 and $1,000.00 in attorney’s fees.

On July 30, 1979, Knight purchased a 1980 Pontiac from Bill McDavid Pontiac, Inc. He paid $900.00 down and…