Federal Financial Co. v. Papadopoulos

Plaintiff Federal Fi nancial Co. appeals from a superior court judgment in favor of defendants Georgios Papadopoulos and Angelo Pananas in this action for a deficiency judgment. Plaintiff contends the trial court erred in ruling that: (1) plaintiff’s sale of secured collateral was not commercially reasonable; and (2) the appropriate remedy was dismissal of plaintiff’s action. We affirm.

As found by the trial court, the facts underlying this dispute were as follows: In November 1992, defendants borrowed $20,000 from the First National Bank of Vermont (FNB) to purchase restaurant equipment for a…