Tri-Eagle Enterprises v. Regions Bank

M. MICHAEL KINARD, Judge.

| iThis appeal involves a controversy over an interest-rate clause in a financing agreement executed by Tri-Eagle Enterprises and Regions Bank. The circuit court ruled that the agreement provided for a fixed-interest rate as a matter of law. Tri-Eagle and its owners and guarantors argue that the court erred in that ruling and in excluding the testimony of TriEagle’s expert witnesses. We reverse and remand on both points.

I. Background Facts and Procedural History

Tri-Eagle operated a used-car business and financed its inventory through a floor-plan arrangement with…