Scales v. Cessna Finance Corp.

McMurray, Chief Judge.

On March 31,1978, Scales purchased an airplane pursuant to a retail installment contract which was assigned to Cessna Finance Corporation (Cessna). On April 9, 1981, Cessna repossessed the airplane for non-payment of installments due under the contract. Scales was given notice of his right to redeem the aircraft but failed to do so. The aircraft was subsequently sold at a private sale. As the proceeds of the private sale were less than the sum determined to be due under the installment sales contract at the date of repossession, plaintiff (Cessna) brought this action…