Perkins Motors, Inc. v. Autotruck Federal Credit Union

VANCE, Judge.

Perkins Motors sold a 1978 automobile to Jack D. Deaton, who obtained financing through appellee, Autotruck Federal Credit Union. Appellee prepared a draft in the amount of $6,646.72 payable to Deaton and appellant which contained the following language:

Endorsement below by Dealer constitutes agreement to show Lienholder as ‘Auto-truck Federal Credit Union’ and have vehicle registered as Jack D. Deaton.

Deaton informed Perkins that he intended to register the automobile in the state of Indiana. Perkins then provided Deaton with the certificate of origin necessary to license the…