Economics Laboratory, Inc. v. Tanenbaum

J. CURTISS BROWN, Justice.

This is an appeal from a take-nothing summary judgment against the plaintiff below in a suit for a deficiency judgment arising out of a repossession of collateral. The case involves a secured party’s right to deficiency judgment after scrapping repossessed collateral and crediting the debtor’s account for the salvage value of the collateral.

In April of 1976, Economics Laboratory, Inc. (appellant) sold a commercial washing machine, a commercial dryer, some accessories, and certain linen products to Richard Tanenbaum (appellee) for use in appellee’s restaurant, the…