ALP Federal Credit Union v. Ashborn

477 P.2d 348 (1970)

ALP FEDERAL CREDIT UNION, Appellant,

v.

Alton ASHBORN, Appellee.

No. 1135.

Supreme Court of Alaska.

December 7, 1970.

Warren C. Christianson and Roger W. DuBrock, of Christianson & DuBrock, Sitka, for appellant.

William H. Babcock, Sitka, for appellee.

Before BONEY, C.J., DIMOND, RABINOWITZ and CONNOR, JJ., and FITZGERALD, Superior Court Judge.

OPINION

DIMOND, Justice.

Appellant, with headquarters at Sitka, Alaska, loaned money to appellee to buy a car. Appellee executed a promissory note and chattel mortgage on the car in favor of appellant.

Claiming that payment of the note was in…