JONWILCO, INC. v. C.I.T. FINANCIAL SERVICES

No. C14-82-653CV.

662 S.W.2d 664 (1983)

JONWILCO, INC., Appellant, v. C.I.T. FINANCIAL SERVICES, Appellee.

Court of Appeals of Texas, Houston (14th Dist.).

October 27, 1983.


Attorney(s) appearing for the Case

Gerald A. Linder, Shults, Hetherington & Linder, Houston, for appellant.

R. Paxton Lowery, Patterson, Boyd, Lowery & Aderhlot, Houston, for appellee.

Before JUNELL, MURPHY and SEARS, JJ.


SEARS, Justice.

This is an appeal from a summary judgment in the principal amount of $7,228.16, $1,360.48 in interest and $1,288.30 in attorney fees. We affirm.

This appeal focuses on the defenses available to a debtor against an assignee and holder in due course of the secured party's promissory note.

In 1976, Appellant purchased an air compressor from Gaedcke Equipment Company. Gaedcke allegedly represented that it was a new air compressor with a...

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