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VAL-U CONST. CO. OF S.D. v. CONTRACTORS, INC.

No. 81-753.

328 N.W.2d 774 (1983)

213 Neb. 291

VAL-U CONSTRUCTION COMPANY OF SOUTH DAKOTA, INC., a corporation, Appellee, v. CONTRACTORS, INC., a corporation, Appellant.

Supreme Court of Nebraska.

January 7, 1983.

Attorney(s) appearing for the Case

Paul R. Elofson of Abrahams, Kaslow & Cassman, Omaha, for appellant.

Douglas E. Quinn of Thompson, Crounse & Pieper, Omaha, for appellee.

KRIVOSHA, C.J., and BOSLAUGH, McCOWN, CLINTON, WHITE, HASTINGS, and CAPORALE, JJ.

BOSLAUGH, Justice.

This case arises out of a security agreement in which Fred Valandra, the president of Val-U Construction Company of South Dakota, Inc., a corporation, pledged a 1979 Chevrolet van, the property of the corporation, as security for a personal loan to him from Contractors, Inc.

On June 29, 1981, the plaintiff, Val-U Construction Company, commenced this action in replevin to recover title to and possession of the van from the defendant, Contractors...

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