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COMMERCIAL CREDIT EQUIPMENT CORP. v. HATTON

No. CA 3-75-1131-C.

429 F.Supp. 997 (1977)

COMMERCIAL CREDIT EQUIPMENT CORPORATION v. J. R. HATTON and Frank J. Darby.

United States District Court, N. D. Texas, Dallas Division.

April 15, 1977.

Attorney(s) appearing for the Case

Larry F. Amerine, Biggers, Lloyd, Biggers, Beasley & Amerine, Dallas, Tex., for plaintiff.

Thomas F. Hooker, Jr., Felton, Hooker & Giddens, Houston, Tex., for Frank Darby.

F. B. Lloyd, Jr., Lloyd, Lloyd, Ellzey & Lloyd, Alice, Tex., and Philip C. McGahey, Bagby, McGahey, Ross & DeVore, Arlington, Tex., for J. R. Hatton.

MEMORANDUM OPINION

WILLIAM M. TAYLOR, Jr., Chief Judge.

Plaintiff, Commercial Credit Equipment Corporation, brought this diversity action against Defendants Hatton and Darby seeking to recover the balance owed on an aircraft security agreement executed by Darby and purchased by Plaintiff from Hatton on August 16, 1974. In consideration of Plaintiff's purchase of the security agreement, Hatton executed an "Aircraft Repurchase Agreement" making Hatton a guarantor...

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