Affiliated Acceptance Corp. v. Boggs

BRECKENRIDGE, Judge.

Robert and Bridgett Boggs appeal the judgment of the trial court, sitting without a jury, in favor of Affiliated Acceptance Corporation in its suit on promissory notes executed by the Boggs. The judgment of the trial court is reversed and the case is remanded for further proceedings.

Affiliated is a receivables management company that processes monthly installment payments on intangible contracts and advances money on the contracts. The Boggs, who operate a karate school known as Kenu-kan Academy, hired Affiliated to collect and process the monthly receivables from their…