First City Bank-Farmers Branch v. Guex

VANCE, Justice.

First City Bank appeals from a judgment awarding recovery to Andre Guex for the bank having disposed of Guex’s repossessed boat and trailer without giving notice to him, as a result of which Guex was deprived of the collateral for more than a year. We affirm.

This case arose out of the purchase of a boat by Guex and Marotte. They were co-makers of a note with the bank, the bank retaining a security interest in the collateral. After a period of time, Marotte, who had been making the payments, defaulted on the note. Guex then began making the payments, having first secured a…