SPT FEDERAL CREDIT UNION v. Big H Auto Auction, Inc.

LEVY, Justice.

This is an appeal of a judgment based on a directed verdict. Appellant, SPT Federal Credit Union (“SPT”), repossessed a shrimp boat rig from one of its members when the member became unable to make the payments on the boat rig. SPT delivered the rig to appellee, Big “H” Auto Auction (“Big H”), an auction house, for sale at public auction, with instructions not to accept a bid lower than $3,800. Big H subsequently sold the boat rig for $700.

SPT sued Big H for damages resulting from this sale, predicated on breach of contract and deceptive trade practices. At the conclusion of…