James E. Myers v. American Finance System of Decatur, Inc.

GODBOLD, Circuit Judge:

Myers entered into a loan transaction with American Finance in 1975. American Finance retained title to Myers’ automobile as security for the loan. Myers filed this action under the Truth in Lending Act 1 in February 1976 and moved for summary judgment in November 1976. Subsequently American Finance moved for summary judgment, asserting that there had been an accord and satisfaction between it and Myers that had extinguished Myers’ TIL claim. Myers contended that he had been fraudulently induced to sign the alleged accord and satisfaction. The district court granted…