King v. Associates Commercial Corp.

Joe King and his wife appeal the judgment of the trial court in a suit concerning the repossession of a truck. Associates Commercial Corporation, appellee, brings a cross-appeal. Because there is no evidence to support Associates’ liability, we reverse the judgment of the trial court.

On July 3, 1982, the Kings purchased a 1982 Freightliner truck from Brodnax Truck and Trailer Company in Tyler. They made a down payment of $22,000.00; the remainder of the sale price was financed through a security agreement with Brod-nax. The security agreement contained an assignment of Brodnax’s rights, title…