Marriott Employees' Federal Credit Union v. Harris

FARMER, Judge.

This appeal arises from a suit by Marriott Federal Employees’ Credit Union (“Credit Union”) against Albert S. Harris (“Harris”) to collect a deficiency remaining on a $285,-950 loan secured by 9,500 shares of Marriott Corporation common stock. Harris denied any personal liability for funds he received from the Credit Union and counterclaimed that the Credit Union was bable for failing to notify him of the decline in value of the Marriott stock. The Chancery Court for Trousdale County granted partial summary judgment in favor of the Credit Union on the issue of Harris’ personal…