City National Bank & Trust Co. v. Pyle

The plaintiff, City National Bank and Trust Company, appeals a summary judgment dismissal of its action to foreclose a security interest in an automobile owned by the defendant, Patricia Pyle.

The facts are not in dispute. On June 24, 1974, Jerry Pyle purchased a 1974 Volkswagen from Scovil Motors, Inc., in Norman, Oklahoma. In connection with the execution of a retail installment contract, Mr. Pyle granted Scovil Motors a security interest in the car to secure his payment of the deferred balance, $3,573.18, including interest, over the next 36 months. On July 11, Scovil Motors assigned the…