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GOLDEN VALLEY STATE BANK v. ANDERSON

No. 50102.

284 N.W.2d 552 (1979)

GOLDEN VALLEY STATE BANK, Respondent, v. Douglas G. ANDERSON, Defendant, Coon Rapids Chrysler-Plymouth, Inc., Appellant.

Supreme Court of Minnesota.

October 12, 1979.

Attorney(s) appearing for the Case

Courey, Schwinn, Kodadek & Reece, Minneapolis, for appellant.

Russell, Russell & McLeod, Minneapolis, for respondent.

Considered and decided by the court en banc without oral argument.

OPINION

PER CURIAM.

On July 15, 1976, the plaintiff bank agreed to lend Douglas G. Anderson money for the purchase of a Chrysler automobile from the defendant's automobile agency. The plaintiff prepared its draft payable to the defendant agency and the purchaser jointly, and stamped on the back of the draft the notation that the dealer agreed to apply for a certificate of title naming the bank as a first secured party. Defendant accepted the draft, prepared...

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