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  5. 247 N.W.2d 46 (1976)
 

MINN. FED. SAV. v. CENT. ENTER. OF SUPERIOR

Nos. 46028, 46029.

247 N.W.2d 46 (1976)

MINNESOTA FEDERAL SAVINGS AND LOAN ASSOCIATION, Respondent, v. CENTRAL ENTERPRISES OF SUPERIOR, INC., et al., Appellants-Respondents. MINNESOTA FEDERAL SAVINGS AND LOAN ASSOCIATION, Third-Party Plaintiff, Respondent, v. UNIVERSAL MOBILE SERVICES CORPORATION, formerly Mobile Enterprises, Inc., Third-Party Defendant, Respondent-Appellant.

Supreme Court of Minnesota.

November 5, 1976.

Attorney(s) appearing for the Case

Ince, Tischleder & Day and Richard T. Ince, Minneapolis, for Central Enterprises.

Carlsen, Greiner & Law and Timothy M. O'Brien, Minneapolis, for Universal Mobile Services.

John F. Scott, Jr., St. Paul, for respondent.

Heard before SHERAN, C. J., and ROGOSHESKE and TODD, JJ., and considered and decided by the court en banc.

ROGOSHESKE, Justice.

These appeals challenge the trial court's findings and determination of the liability of defendant Leonard C. Underdahl (Underdahl) as guarantor and Universal Mobile Services Corporation (Mobile) for losses sustained by plaintiff, Minnesota Federal Savings and Loan Association (Minnesota Federal), arising out of the latter's financing, under a trust receipt security agreement commonly called a "dealer's floor plan," the purchase of mobile home...

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