Adamson v. Trust Co. Bank

Carley, Judge.

Adamson financed the purchase of a truck through Trust Company Bank, executing a note to the Bank and granting a security interest in the truck. The note provided for 29 consecutive monthly installments of $138 each, commencing on February 1, 1974, and a final payment of $145.34 on July 1,1976. By March 3,1975, following a history of late and erratic payments which had been accepted by the Bank, Adamson had failed to make the monthly payments for December 1974 and January and February 1975. In addition, the payment for March 1975 which was due on the first day of that month…