W. S. Badcock Corp. v. Banks

OWENS, District Judge:

The debtors in these Chapter XIII Wage Earner Plans, husband and wife, on February 2, 1976 purchased from the appellant creditor, on credit, a variety of household appliances and goods in the amount of $977.15. In connection with this transac*436tion, they granted a security interest to the creditor, W. S. Badcock Corporation, as follows:

“I hereby grant to Seller a security interest in the above described property and in all other items purchased from the seller . to secure the payment of my account balance, such security to remain in such property until the total cash…