Ward v. First State Bank

COUNTISS, Justice.

This is an appeal from a judgment obtained by appellee First State Bank of Memphis, Texas, (hereafter “the bank”) against appellant, W. M. Ward, (hereafter “Ward”) for the balance due on a secured note co-signed by Ward. The issue is whether the bank is entitled to a deficiency judgment against Ward when the bank (1) failed to give Ward reasonable notice of the sale of the repossessed collateral securing the note and, (2) failed to obtain a fact finding on the value of the collateral. Under the record before us, we affirm.

In 1974, Ward sold several trucks and trailers, a…