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CHRYSLER CREDIT CORP. v. CATHEY

No. 91-3614.

977 F.2d 447 (1992)

CHRYSLER CREDIT CORPORATION, Plaintiff-Appellee, v. Jim CATHEY; Doris Cathey, Defendants, David Ross; Darlene Ross, Defendants-Appellants, Sammy Ross; Stephanie Ross, Defendants, James Hagans; Bonnie Hagans, Defendants-Appellees, Ross-Cathey Motors, Incorporated, Defendant.

United States Court of Appeals, Eighth Circuit.

Decided October 14, 1992.

Attorney(s) appearing for the Case

James S. Dunham, Russellville, Ark., for defendants-appellants.

H. Clay Fulcher, Fayetteville, Ark., for defendants-appellees, James Hagans and Bonnie Hagans.

Greg Smith of Little Rock, Ark., and Charles A. Newman, James W. Erwin and Thena G. Poteat, St. Louis, Mo., for plaintiff-appellee, Chrysler Credit Corp.

Before RICHARD S. ARNOLD, Chief Judge, HENLEY, Senior Circuit Judge, and FAGG, Circuit Judge.

PER CURIAM.

This appeal arises from the sale of a Chrysler dealership owned by James and Bonnie Hagans to Ross-Cathey Motors, Incorporated, a corporation owned by David and Darlene Ross and Jim and Doris Cathey. To finance the dealership purchase, the Catheys signed a promissory note secured by a mortgage in favor of Chrysler Credit Corporation. Acting as the Rosses' agent under individual powers of attorney, Jim Cathey signed the promissory notes and other closing...

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