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SPT FEDERAL CREDIT UNION v. BIG H AUTO AUCTION, INC.

No. 01-87-00715-CV.

761 S.W.2d 800 (1988)

SPT FEDERAL CREDIT UNION, Appellant, v. BIG H AUTO AUCTION, INC., Appellee.

Court of Appeals of Texas, Houston (1st Dist.).

Rehearing Denied December 1, 1988.

Attorney(s) appearing for the Case

Michael T. Neville, Eikenburg & Stiles, Houston, for appellant.

William T. Green, Green, Patterson & Schultz, Houston, for appellee.

Before WARREN, DUGGAN and LEVY, JJ.

LEVY, Justice.

This is an appeal of a judgment based on a directed verdict. Appellant, SPT Federal Credit Union ("SPT"), repossessed a shrimp boat rig from one of its members when the member became unable to make the payments on the boat rig. SPT delivered the rig to appellee, Big "H" Auto Auction ("Big H"), an auction house, for sale at public auction, with instructions not to accept a bid lower than $3,800. Big H subsequently sold the boat rig for $700.

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