Parks v. Associates Commercial Corp.

Pope, Judge.

On or about June 30, 1979 Parks and Smith purchased a 1978 GMC dump truck from Quality Trucks, Inc. in Columbus, Georgia. As evidenced by a security agreement and conditional sales contract, Parks and Smith financed $44,659.05 of the purchase price of the truck. Quality Trucks transferred its interest in the security agreement and conditional sales contract to Associates Commercial Corporation, appellee herein. Smith subsequently assigned his interest to Parks and Lynn. Following a verbal assignment from Parks, Lynn assumed sole responsibility for making monthly payments to…