Walton v. Howard

Pope, Judge.

Plaintiff Ronnie Howard entered into a contract entitled “Lease/ Purchase Agreement” with defendant Danny Walton regarding a John Deere tractor. According to the terms of the agreement Walton agreed to “sell” the equipment to Howard for Howard’s promise to pay off the amount in arrears Walton owed to John Deere Finance Plans, Inc., and to take over future monthly installment payments owed on the equipment until the financing agreement between Walton and John Deere was paid off. The agreement granted Howard the right to a bill of sale for the equipment upon payment of $1 and other…