The cost arrangement contains another arbitration condition:
Into the December 18, 1997, Ronald Channell and you may Jane Channell ordered a cellular household regarding Johnson Cellular Belongings out of Alabama, Inc. This new cellular home was manufactured by Carriage Belongings, a division regarding Wise Belongings Business. Environmentally friendly Tree Financial Enterprise letter/k/an excellent Conseco Funds Enterprise (“Environmentally friendly Forest”) financed this new Channells’ purchase of the new cellular home. Johnson Cellular Property agreed to sell a cellular house new Channells got traded inside the after they bought the fresh new mobile home. About the the credit deal, the newest Channells carried out good “Are built Domestic Shopping Payment Contract and you may Defense Agreement” (“the brand new cost agreement”); brand new fees contract established the new terms of the acquisition and the credit. (more…)