First Security Bank of Idaho, N.A. v. Mountain View Equipment Co.

BURNETT, Judge.

This is a suit by a bank to collect the unpaid balance of a contract assigned to it by a farm implement dealer. The question presented is whether the bank is barred from collecting because it failed to preserve certain collateral. The district court held that it was not. We agree.

The facts essential to our opinion are undisputed. An organization known as Twin V. Ranches, Inc., purchased farm equipment from a dealer, Mountain View Equipment Co., Inc. The dealer extended credit to the buyer, and retained a security interest in the equipment, pursuant to an installment sales…