Gramercy Insurance Co. v. Auction Finance Program, Inc.

OPINION

LAGARDE, Justice.

Gramercy Insurance Company (Gramer-cy) appeals the trial court’s grant of summary judgment in favor of Auction Finance Program, Inc. (Auction Finance) and the trial court’s denial of Gramerey’s motion for summary judgment against Auction Finance. Gramercy presents five issues for review. Gramerey’s first three issues require a determination of (i) whether the checks involved in this case were drawn to buy motor vehicles or to repay funds advanced in connection with floor plan financing agreements, and (ii) whether the floor plan financing agreements in this case fall…