Commonwealth Financial Corp. v. Sherrill

Birdsong, Judge.

Commonwealth Financial Corporation (“Commonwealth”) appeals from the judgment of the trial court, after a bench trial, in favor of Mike Sherrill d/b/a Bedtime Waterbed Sleep Shoppe. Commonwealth alleges that the trial court erred by entering verdict and judgment for Sherrill and by denying its motion for award of attorney fees and litigation expenses. Held:

1. The record shows that Commonwealth received an assignment of Wright’s Furniture Mills’ (“Wright’s”) accounts receivable under a security agreement after Wright’s defaulted on a debt. After unsuccessful efforts to obtain…