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FIRST CITY BANK — FARMERS BRANCH, TEX. v. GUEX

No. C-2613.

677 S.W.2d 25 (1984)

FIRST CITY BANK — FARMERS BRANCH, TEXAS, Petitioner, v. Andre GUEX et al., Respondents.

Supreme Court of Texas.

Rehearing Denied October 31, 1984.

Attorney(s) appearing for the Case

W.A. Pritchard, Dallas, for petitioner.

Glassman & Solis, Alan M. Glassman, Dallas, for respondents.

KILGARLIN, Justice.

Three issues are presented in this Uniform Commercial Code case involving the rights of a debtor in default when personal property has been given as collateral to secure the loan. First, what constitutes "disposition" of the personal property by the secured party? Second, if the noteholder has disposed of the collateral in violation of UCC provisions, can the debtor recover damages for his actual losses in addition to monetary penalties provided...

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