Industrial Finance Co. v. Lovell

Industrial Finance Company, a South Dakota corporation, appeals from the refusal of the Washington trial court to register a South Dakota judgment against Lyle M. Lovell.

In 1966, Lovell, president and majority stockholder of Bud’s Mobile Homes, a South Dakota corporation, left South Dakota and moved to the state of Washington with notice to Industrial Finance, Bud’s major creditor. On September 15, 1968, an officer of Industrial Finance came to Washington during the course of liquidating Bud’s assets and obtained Lovell’s signature in blank on a promissory note which was subsequently made in…