Conn Credit I, L.P. v. TF Loanco III, L.L.C.

STEPHEN A. HIGGINSON, Circuit Judge:

Appellee Conn Credit I, L.P. sued Appellant TF LoanCo, III, LLC for breach of *497 contract. TF Loan counterclaimed, also alleging breach. Following a bench trial, the district court ruled for Conn. We reverse, render judgment for TF Loan, and remand for calculation of damages.

I

Conn Credit I, L.P., together with its parent company, sells furniture, appliances, and other goods to consumers on credit. When Conn's customers default, Conn charges off 1 the accounts and sells them to debt collectors for pennies on the dollar. In April 2014, TF LoanCo III, LLC…