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  5. 723 S.W.2d 633 (1986)
 

TRIMBLE v. SONITROL OF MEMPHIS, INC.

723 S.W.2d 633 (1986)

William F. TRIMBLE, Plaintiff/Appellee, v. SONITROL OF MEMPHIS, INC., Sonitrol-Cook, Inc., and Mid-South Sonitrol, Inc., Defendants/Appellants.

Court of Appeals of Tennessee, Western Section, at Jackson.

Rehearing Denied September 29, 1986.

Permission to Appeal Denied January 5, 1987.

Attorney(s) appearing for the Case

Eugene J. Phelan and Saul Kay, Memphis, for defendants/appellants.

J. Alan Hanover and James R. Newsom III, Hanover, Walsh, Jalenak & Blair, Memphis, for plaintiff/appellee.

Permission to Appeal Denied by Supreme Court January 5, 1987.

HIGHERS, Judge.

This case involves a secured transaction in connection with the sale of two corporations. The first corporation was sold for $100 via an asset purchase agreement, and the second corporation was sold for over a million dollars for which promissory notes were executed by the second corporation. These notes were secured by a security interest in the assets of both corporations. As additional...

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