Ace Parts & Distributors, Inc. v. First National Bank

Webb, Judge.

This proceeding originated as a suit on a note by the bank, a secured creditor, against the corporate debtor, Ace Parts, and two individual guarantors. By amendment the bank reduced the amount demanded in order to credit the proceeds of the sale of the collateral which the bank had repossessed, and the suit thus became one for a deficiency judgment. Defendants appeal from a judgment in favor of the bank, and we affirm.

1. Defendants contend that the security agreement required the bank to give adequate notice of acceleration of the balance due before repossession, but for several…