NORTON v. NATIONAL BANK OF COMMERCE OF PINE BLUFF

No. 5-3572.

398 S.W.2d 538 (1966)

Carroll D. NORTON, doing business as Norton Auto Sales, Appellant, v. NATIONAL BANK OF COMMERCE OF PINE BLUFF, Appellee.

Supreme Court of Arkansas.

January 31, 1966.


Attorney(s) appearing for the Case

Carlton Currie, Pine Bluff, for appellant.

Bridges, Young, Matthews & Davis, Pine Bluff, for appellee.

Harry E. Meek, Little Rock, and Joe C. Barrett, Jonesboro, amicus curiae.


GEORGE ROSE SMITH, Justice.

This case presents a number of questions of first impression under the Uniform Commercial Code.

On September 4, 1963, the appellant Norton, an automobile dealer, sold a 1957 Oldsmobile sedan to Billy Goldsmith, who executed a promissory note and a conditional sales contract for the unpaid purchase price. On the same day Norton in turn sold the note and contract to the appellee bank. Norton endorsed the note and executed a written...

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