Amoco Oil Co. v. G. Sims & Associates

Deen, Presiding Judge.

Amoco Oil Company filed a complaint against appellee contending it extended credit to Turner, a service station operator, that he refused to pay his account balance of $19,946.02 plus interest, that it filed three financing statements (one on January 2, 1976, and two on July 13, 1977) allegedly taking a security interest in all Turner’s personal property, further, that Turner sold all the equipment, supplies and merchandise of the service station to McLarty and, as consideration for the sales agreement, Turner and McLarty entered into an escrow agreement whereby McLarty…