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MOBILE DISCOUNT CORP. v. SCHUMACHER

No. 2 CA-CIV 4702.

139 Ariz. 15 (1983)

676 P.2d 649

MOBILE DISCOUNT CORPORATION, an Arizona corporation, Plaintiff/Appellant/Cross-Appellee, v. Harold SCHUMACHER and Deborah Schumacher, Defendants/Appellees/Cross-Appellants.

Court of Appeals of Arizona, Division 2.

Review Denied January 24, 1984.

Attorney(s) appearing for the Case

Rees & McNeill by David W. Rees, Tucson, for plaintiff/appellant/cross-appellee.

James F. Crane, Tucson, for defendants/appellees/cross-appellants.

OPINION

HOWARD, Chief Judge.

In 1972 the Schumachers entered into a retail installment contract with Livin' Easy Mobile Sales, Inc. for the purchase of a mobile home. The contract was assigned to Mobile Discount Corporation, which in turn assigned its interest to the Mission Bank. In assigning the contract, Mobile Discount agreed to act as guarantor for the Schumacher's obligation.

In June 1973 the Schumachers decided they could no longer make the...

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