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FORD MOTOR CREDIT v. STATE BANK & TRUST

No. 07-CA-59215.

571 So.2d 937 (1990)

FORD MOTOR CREDIT COMPANY v. STATE BANK & TRUST COMPANY and Carroll Fairchild.

Supreme Court of Mississippi.

November 28, 1990.

Attorney(s) appearing for the Case

Thomas W. Tyner, Hattiesburg, Michael Clayton Barefield, Aultman Tyner McNeese & Ruffin, Hattiesburg, for appellant.

Tommy B. Rogers, Collins, for appellees.

Before ROY NOBLE LEE, C.J., and ROBERTSON and BLASS, JJ.

BLASS, Justice, for the Court:

Buffington Ford, Inc., was an auto dealership in Collins, Mississippi. Ford Motor Credit Company (FMCC) floor planned the dealership's inventory of new vehicles. There were two floor plan agreements between FMCC and Buffington. One is dated September 21, 1976, and the other August 9, 1984. It is stipulated, however, that FMCC did not floor plan any vehicles involved in this action, all of which were used, not new. Rather, State Bank...

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