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CITY NAT. BANK v. UNIQUE STRUCTURES, INC.

No. 94-2085.

49 F.3d 1330 (1995)

CITY NATIONAL BANK OF FORT SMITH, ARKANSAS, Appellant, v. UNIQUE STRUCTURES, INC.; Susie Arnall, Appellees.

United States Court of Appeals, Eighth Circuit.

Decided March 10, 1995.

Attorney(s) appearing for the Case

Michael Keith Redd, Fort Smith, AR, argued for appellant.

Fred E. Stoops, Tulsa, OK, argued for appellees (Fred Stoops and Dana C. Bowen, on the brief).

Before MAGILL and BEAM, Circuit Judges, SHANAHAN, District Judge.

BEAM, Circuit Judge.

City National Bank (CNB) appeals an adverse ruling by the district court on its claim for deficiency judgments on twenty-seven consumer installment contracts. The installment agreements had been purchased from Unique Structures, Inc. (Unique) "with recourse" and were personally guaranteed by Susie Arnall. When the individual debtors defaulted, CNB repossessed and sold the mobile homes held as collateral on the installment contracts, then sued...

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