Frantz v. First National Bank & Trust Co.

CARDINE, Justice.

This is an appeal from a judgment in favor of First National Bank and Trust Company of Wyoming (hereinafter bank) against appellants Frantzes based upon the bank’s secured interest in the balance due upon the purchase of the assets of Capitol Optical by appellants. We will affirm.

Appellants raise a single issue on appeal: “Whether a secured creditor can collect from the purchaser of a business, which had assets pledged as collateral to the creditor, the purchase price still to be paid pursuant to a promissory note.”

Tommy D. and Mari Ann Carver, upon borrowing money, executed…