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REX FINANCIAL CORPORATION v. MARSHALL

No. FS-74-117-C.

406 F.Supp. 567 (1976)

REX FINANCIAL CORPORATION, Plaintiff, v. Doyle MARSHALL and the Citizens Bank of Booneville, Booneville, Arkansas, Defendants, John P. Rose, Third-Party Defendant.

United States District Court, W. D. Arkansas, Fort Smith Division.

January 7, 1976.

Attorney(s) appearing for the Case

C. Richard Lippard, Booneville, Ark., for plaintiff.

William G. Wright, Hardin, Jesson & Dawson, Fort Smith, Ark., for defendants.

OPINION

JOHN E. MILLER, Senior District Judge.

Plaintiff, Rex Financial Corporation, commenced this action against the defendants on October 17, 1974. In paragraphs IV to IX of its complaint plaintiff alleged that on or about February 26, 1973, it entered into an agreement with Rose's Mobile Homes, Inc., an Arkansas corporation, in which Rex agreed to floor plan the inventory of Rose's Mobile Homes, Inc., and to purchase retail installment contracts, notes...

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