Bailey v. Navistar Financial Corp.

COMBS, Judge.

This is an appeal from a summary judgment of the Barren Circuit Court, granting appellee a deficiency judgment in its action against appellant for breach of an installment sales contract.

In April of 1981, appellant Bobby Bailey purchased a new International Harvester No. 986 tractor and accessories through an installment sales contract held by appellee International Harvester Credit Corporation. Bailey made a cash down payment of $8,500.00, and the contract called for yearly payments of $10,057.00 on May 1st for the next four years.

Bailey failed to meet the first payment on May…