Ford Motor Credit Co. v. Traffic Transport Engineering, Inc.

Ford Motor Credit Company sued the defendant, Traffic Transport Engineering, Inc., after a deficiency resulted from the sale of collateral that secured several loans which the defendant had contractually guaranteed. The collateral was sold pursuant to an order of the United States Bankruptcy Court after the original debtor’s bankruptcy. Following a jury trial in Wayne County Circuit Court, a verdict was returned in favor of Ford Credit for $152,929.26, representing the amount of the unpaid balance due on the loans guaranteed by defendant. The jury rejected Ford Credit’s claim for earned but…