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ROPER v. ASSOCIATES FINANCIAL SERVICES OF ALABAMA, INC.

87-11.

533 So.2d 206 (1988)

James Wayne ROPER and Ila Maxine Roper v. ASSOCIATES FINANCIAL SERVICES OF ALABAMA, INC.

Supreme Court of Alabama.

September 23, 1988.

Attorney(s) appearing for the Case

Jerry O. Lorant, Birmingham, for appellants.

William B. Hairston, Jr., and William B. Hairston III of Engel, Hairston & Johanson, Birmingham, for appellee.

HOUSTON, Justice.

James Wayne Roper and Ila Maxine Roper appeal from a summary judgment in favor of Associates Financial Services Company of Alabama, Inc. ("Associates").

On May 7, 1975, the Ropers executed an agreement with Associates entitled "Open End Credit Plan—Revolving Loan Agreement," which provided the Ropers with $3,000 of credit payable in 60 months at an 18% annual percentage rate. The loan agreement obligated Associates to advance money...

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