Altman Tractor & Equipment Co. v. Weaver

Respondent (Altman) brought this action for a deficiency judgment against appellant (Weaver) after the repossession and sale of certain collateral. The matter was tried by the judge without a jury. The judge granted judgment for Altman in the amount of $17,738.50. We affirm.

Weaver purchased a combine and grain header from Altman and financed the purchase with Allis-Chalmers Credit Corporation. After Weaver defaulted in his payments, Allis-Chalmers repossessed the equipment and assigned the security agreement to Altman. Altman sold the combine and grain header for $19,500.

Prior to the sale of…