Peoples v. AuburnBank

YATES, Presiding Judge.

AuburnBank sued Teoples, Inc., Danny Peoples, and Denise Peoples, on March 29, 1999, alleging default on a promissory note and alleging that a conveyance of real property had been fraudulent, within the meaning of §§ 8-9A-4 and 8-9A-5, Ala. Code 1975. AuburnBank alleged in its complaint that Teoples had entered into a “floor-plan agreement” and had made to AuburnBank a promissory note, for the purpose of financing the purchase of used automobiles for Danny’s used car business, and it alleged that Danny had personally guaranteed the payment of the promissory note.1…