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SPERRY CORP v. SCHAEFFER

No. 15180.

394 N.W.2d 727 (1986)

SPERRY CORPORATION, SPERRY NEW HOLLAND DIVISION, A Corporation, Plaintiff and Appellee, v. Stanley SCHAEFFER, Defendant and Appellant.

Supreme Court of South Dakota.

Decided October 8, 1986.

Attorney(s) appearing for the Case

William D. Kunstle of Moore, Rasmussen, Kading & McGreevy, Sioux Falls, for plaintiff and appellee.

James R. Haar, Tripp, for defendant and appellant.

KONENKAMP, Circuit Judge.

Sperry Corporation, Sperry New Holland Division was awarded a deficiency judgment against Stanley Schaeffer (Stanley) as a result of Stanley's co-signing a retail installment contract. Stanley appeals; we affirm.

Stanley and Allen Schaeffer were partners in a farm operation. In September of 1980, they jointly purchased a Sperry New Holland TR 70 combine from Ritter-Walz, a Parkston implement dealer. Sperry Corporation financed the...

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