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ASSOCIATES COMMERCIAL CORP. v. PARKER USED TRUCKS, INC.

No. 89-CA-0882.

601 So.2d 398 (1992)

ASSOCIATES COMMERCIAL CORPORATION v. PARKER USED TRUCKS, INC. and J.R. Parker.

Supreme Court of Mississippi.

June 3, 1992.

Attorney(s) appearing for the Case

John S. Hill, Mitchell McNutt LaGrone & Sams, Tupelo, for appellant.

Gary L. Carnathan, Carnathan & Malski, Tupelo, for appellees.

Before HAWKINS, P.J., and PRATHER and McRAE, JJ.

PRATHER, Justice, for the Court:

I. INTRODUCTION

This action arose from a dispute concerning two documents: (1) a conditional or retail sales installment contract with full recourse — assigned by Parker Used Trucks, Inc. to Associates Commercial Corporation, and (2) a guaranty executed by J.R. Parker — personally guaranteeing any existing or future indebtedness of Parker Used Trucks. The primary issue addressed on appeal is whether the assignee...

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