James Talcott, Inc. v. Franklin Nat. Bank of Mpls.

RONALD E. HACHEY, JUSTICE. *

This is an appeal taken from a summary judgment in favor of defendant, Franklin National Bank of Minneapolis. The action was commenced for the recovery of possession of several motor vehicles, or their value, in which plaintiff, James Talcott, Inc., claimed a superior security interest.

The case was heard on stipulated facts. On February 20, 1968, Noyes Paving Company, hereinafter referred to as “debtor,” entered into a conditional sales contract with Northern Contracting Company, as seller, covering the purchase, on an installment basis, of two dump trucks and…