Northwestern National Bank of Minneapolis v. Maher

The basic action generating this appeal was one by plaintiff, Northwestern National Bank, to recover from Timothy Maher the balance due under a security agreement between them entered into when Maher purchased a 1972 Mercury Cougar in July 1972.

Maher, in January 1974, entered into a listing agreement which authorized the American Auto Listing Company to offer the vehicle for sale subject to his approval. Possession of the vehicle was turned over to the listing firm.

In February 1974 Maher renewed and continued, as he was obligated to do under his security agreement with the bank, a family…