Achimon v. J.I. Case Credit Corp.

DEVANY, Justice.

J.I. Case Credit Corporation (Case), ap-pellee, was the assignee of a retail installment contract which represented a debt owing from L.C. Achimon, appellant, resulting from the purchase by Achimon of equipment from Wells Brothers Equipment Company. The debt was secured by the equipment purchased. Subsequent to the assignment to Case, Achimon entered into an extension agreement with Case calling for three installment payments. Achimon defaulted on the first installment, and Case repossessed the equipment and sold it. Thereafter, Case sued Achimon for a claimed deficiency.

Case…