Larry's Mobile Homes, Inc. v. Robins Federal Credit Union

Shulman, Presiding Judge.

Appellee made a loan to Anderson for the purpose of purchasing a mobile home. Appellee’s check for the proceeds of the loan was made jointly to Anderson and to Larry’s Mobile Homes, Inc. (hereinafter “Larry’s”). On the back of the check was a stamp, part of which was smeared and illegible, providing that the endorser warranted that appellee’s security interest in the mobile home described thereon would be shown on the application for a title. The check was signed on the back by Anderson and by Larry’s president, Fortney, and was cashed. Part of the proceeds were used…