Williams v. Ford Motor Credit Co.

Although several issues are presented for review, the issue which is dispositive of this appeal involves the question of whether a security agreement can be modified either orally or by waiver if the security agreement requires that all modifications be in writing. The directed verdict of the trial court is affirmed.

On November 1, 1976, Curtis Williams, plaintiff-appellant, entered into a contract to purchase a 1974 Oldsmobile from Joe Meyers Ford in Houston, Texas. The contract was financed through Ford Motor Credit Company (FMCC), the defendant-appellee. Thirty payments of $136.40 were to…