Elk River Ford, Inc. v. Hoecherl

OPINION

A. PAUL LOMMEN, Judge.

Appellant went into default on a loan for the purchase of a pickup truck. After repossession, respondent resold the truck, and sued appellant for a deficiency. Respondent contends, and the trial court agreed, that an overallowance or overvalue given on a trade-in for the resale of the truck was a commercially reasonable part of reselling the repossessed collateral. We affirm.

FACTS

The facts in this matter are not in dispute. In lieu of trial, the parties submitted the matter to the trial judge on stipulated facts and memoranda.

On May 22, 1981, appellant Mark…