BVA Credit Corp. v. May

Deen, Chief Judge.

BVA Credit Corp. brought an action against appellees to collect a deficiency of $7,778 which it claimed wás the outstanding balance due on a lease contract of $26,352 after appellee was credited with payments totaling $14,574 and $4,000 realized from the sale of the backhoe. BVA brings this appeal from a directed verdict which was entered against it at the close of its evidence. Held:

The evidence showed that the equipment lease and individual guaranty were in default, that the backhoe was voluntarily repossessed, and that the proceeds of the sale of the repossessed…