Rush v. U.S. Bancorp Equipment Finance, Inc.

KONENKAMP, Justice.

[¶ 1.] In this appeal from a summary judgment, a debtor contends that its creditor should have protected the debtor’s financial circumstances by perfecting the creditor’s security interest. From the language of the contract documents, we conclude that the security interest was for the protection of the creditor, and its failure to perfect that interest created no claim for the debtor. Therefore, we affirm summary judgment for the creditor.

Background

[¶ 2.] William Rush is the president of North American Truck & Trailer and Carolina Commercial Truck Sales, LLC. Rush, North…