Thrower v. Union Lincoln-Mercury, Inc.

670 S.W.2d 430 (1984)

282 Ark. 585

John THROWER, Appellant,

v.

UNION LINCOLN-MERCURY, INC., Appellee.

No. 84-46.

Supreme Court of Arkansas.

June 4, 1984.

Central Arkansas Legal Services by Marilyn Rauch, Little Rock, for appellant.

Thurman, Hockett & Raible, North Little Rock, for appellee.

HAYS, Justice.

This suit for a deficiency judgment by Union Lincoln-Mercury against a defaulting debtor, John Thrower, turns on determining the proper method to compute the surplus or deficiency after foreclosure under Ark.Stat.Ann. § 85-9-501 et seq. Thrower, the appellant, entered into a contract to purchase a 1980…