Casa Investments Co. v. Boles

[EDITORS' NOTE: THIS PAGE CONTAINS HEADNOTES. HEADNOTES ARE NOT AN OFFICIAL PRODUCT OF THE COURT, THEREFORE THEY ARE NOT DISPLAYED.]

On February 1, 1999, Raymond Boles and Larry D. Walker executed a "Commercial Promissory Note and Security Agreement" ("the promissory note") payable in the amount of $30,112.50 plus interest to Colonial Bank. The promissory note listed Alabama addresses for all of the parties and listed three used vehicles as the specific collateral securing the indebtedness. The promissory note also stated that it was governed by Alabama law. Thereafter, Boles and Walker…