Legal Opinion
Americana State Bank v. Jensen
Court of Appeals of Minnesota
Decided August 21, 1984No. C5-84-195PublishedCited by 4 opinions
1Opinion of the Court
OPINION
PARKER, Judge.
After Americana State Bank (bank) repossessed and sold the car securing a note signed by Marilyn Jensen, it sued her and the note’s guarantor, Ida Rasmussen, for the deficiency on the note. Jensen did not defend herself in this action. Rasmussen appeals from a judgment for the bank, arguing that she was released from liability on the note under Minn.Stat. § 325G.22 (1982), a consumer anti-deficiency statute, when the bank sold the collateral securing the note. We agree and reverse the trial court.
FACTS
In order to finance the purchase of a 1976 Chevrolet automobile,…
2Cases cited2 opinions
- Bank of Kirkwood Plaza v. MuellerNorth Dakota Supreme Court · 1980
- Sheet Metal Workers Local 76 Credit Union v. HufnagleSupreme Court of Minnesota · 1980
3Cited by4 opinions
- Western Insulation Services, Inc. v. Central National Insurance Co. of OmahaCourt of Appeals of Minnesota · 1990
- Shakopee Ford, Inc. v. WittenbergCourt of Appeals of Minnesota · 1985
- Engineering & Construction Innovations, Inc. v. Bradshaw Construction Corp.District Court, D. Minnesota · 2022
- Metropolitan Life Insurance Co. v. ChristisonCourt of Appeals of Minnesota · 1990