Stockdale, Inc. v. Baker

LARSON, Justice.

The plaintiff Stockdale, Inc. appeals from a summary judgment entered for defendant Richard J. Berns, who had cosigned a note with defendants Baker. Stockdale complains that the district court erred in ruling that, because Stockdale had failed to serve Berns a notice of proposed sale of collateral, Iowa Code section 554.9504(3) (1983), it was precluded from obtaining a deficiency judgment from him. We affirm.

The facts are largely undisputed. The defendants Robert G. Baker and Barbara M. Baker borrowed money from Stockdale to purchase body shop equipment, and the note given was…