Commerce Union Bank v. Davis

OPINION

DROWOTA, Judge.

This is a suit by Commerce Union Bank for a deficiency following the repossession and sale of an airplane pledged as collateral for a loan. The Chancellor awarded judgment to the Bank in the amount of $12,-965.41, and defendant Davis appeals, alleging that the Chancellor erred in failing to find Davis an accommodation party released from liability under T.C.A. § 47-3-606. Defendant Trulson, who did not answer or defend below, is not a party to this appeal.

On January 6, 1975, Gerald Davis executed a note payable to the Bank in the amount of $30,195.60. He also granted the…