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MORGAN BANK (DELAWARE) v. WILSON

No. 2 CA-CV 90-0034.

164 Ariz. 535 (1990)

794 P.2d 959

MORGAN BANK (DELAWARE) a Delaware corporation, Plaintiff/Appellant, v. James C. WILSON and Grace R. Wilson, Defendants/Appellees.

Court of Appeals of Arizona, Division 2, Department A.

Reconsideration Denied June 13, 1990.

Attorney(s) appearing for the Case

Morris, Nichols, Arsht & Tunnell by Walter L. Pepperman, II, Wilmington, Del., Brown & Bain, P.A. by Richard Calvin Cooledge, Joseph W. Mott, and Antonio T. Viera, Phoenix, for plaintiff/appellant.

Jennings, Strouss & Salmon by Kenneth C. Sundlof, Jr., Phoenix, for defendants/appellees.

OPINION

HATHAWAY, Judge.

This appeal arises out of the execution of an installment purchase and security agreement and promissory note between the seller, Lasma Arabians, Ltd., an Arizona corporation, (Lasma) and the appellee buyers, James C. and Grace R. Wilson, Colorado residents (Wilson), which was subsequently assigned by Lasma to the appellant, Morgan Bank, a Delaware corporation (Morgan Bank). When Wilson defaulted on the note, Morgan Bank brought suit...

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