4.29.10
Waiver of Jury Demand Is Enforceable
Gregory Poole was an owner-operator truck driver. In May 2000, Mr. Poole entered into a note, disclosure, and security agreement with Union Planters Bank to facilitate the purchase of a 1998 Freightliner XL Classic Truck from Long-Lewis Sterling Ford in Bessemer, Alabama. Pursuant to the agreement, the Bank provided Mr. Poole with $62,014 for the purchase of the vehicle, which he agreed to repay with interest over 60 months. The agreement did not set forth any specific obligations with respect to the transfer of the vehicle’s title from Alabama to Tennessee. The manager of the Bank’s Southgate branch, nevertheless agreed to “take care” of the matter for Mr. Poole at the time of the original loan.
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