Ford Motor Credit Company v. A. W. Ledbetter, Individually, R. H. Ledbetter, Individually, and D B a A. W. Jr., and R. H. Ledbetter, a Partnership

Ford brought this action to collect the balance remaining on a promissory note executed by appellants. 1 On appellee’s motion, the District Court granted summary judgment. Finding no issue of material fact, we affirm.

Appellants (Ledbetters) executed a promissory note to secure a loan from Ford Motor Credit Company for the purchase of an asphalt plant. The terms of the note specified that appellants should make a payment of $6,917.78 each month. On November 30, 1976, the Ledbetters sent their monthly payment, accompanied by a letter notifying Ford that they would have to begin a “six-months…