Associates Financial Services, Inc. v. Millsap

DAVISON, Justice:

Associates Financial Services, Inc., holder of a note and security agreement executed by appellant, Frank V. Millsap, initiated a suit against Mr. Millsap, when he defaulted on the note. Associates Financial Services sought a money judgment in the amount due on the note at the time of default, and also sought to replevin a tractor in which Associates had perfected a security interest to secure payment of the note.

Associates’ amended petition, after setting forth facts showing jurisdiction, standing, and execution of the installment contract and security agreement, provided in…