Supreme Court of Alabama July 1, 1983 (Garvich v. Associates Financial Services Co.)

This is an appeal from an order denying redemption of property foreclosed and sold under the terms and conditions of a mortgage. Appellant, Donald J. Garvich, and Jefrey L. Collier were business associates. Garvich invested with Collier a sum of money for the purchase of real estate. On August 29, 1979, Collier borrowed $34,316.25 from Associates Financial Services Company of Alabama, Inc.