Simplot v. WILLIAM C. OWENS, MD, PA

BISTLINE, Justice.

The district court upheld the hearing examiner’s finding that respondent Owens held a valid security interest in a 1956 GMC bus owned by appellant Simplot. The Court of Appeals affirmed the district court’s decision. We granted appellant’s petition for review of the decisions below, which held that a security interest was created by two promissory notes, each containing the words “SECURITY: 1956 GMC bus,” and by a certificate of title endorsed and delivered to Owens. We also conclude that a valid security interest was created and, accordingly, there was no error in the…