Terrell v. John Deere Co.

On May 27, 1980, the appellant-defendant, Donald L. Terrell, entered into a retail installment contract and security agreement with Trulove Equipment Company (hereinafter "Trulove"), for the purchase of a John Deere tractor and a riding lawnmower. The instrument was assigned to appellee-plaintiff, John Deere Company (hereinafter "John Deere").

Terrell defaulted on his payments and the farm equipment was repossessed and sold at public sale for $23,000.00, leaving an alleged deficiency of $13,276.47. On May 19, 1983, John Deere filed an action against Terrell, seeking a judgment for the…