Vandergriff Chevrolet Co., Inc. v. Forum Bank

OPINION

HUGHES, Justice.

The trial court rendered summary judgment that Forum Bank the assignee of a retail installment contract, be indemnified by Vandergriff Chevrolet Company, Inc. d/b/a Hooker Vandergriff, the assignor, for damages theretofore recovered against Forum Bank by Alan H. Wilburn, the purchaser in the retail installment contract assigned.

We affirm.

In 1976 Vandergriff sold a pick-up truck to Wilburn. A “Retail Installment Contract And Security Agreement” was executed pursuant to the sale. Vandergriff and Forum Bank had an assignment agreement setting forth the conditions under…