Huron County Banking Co., N.A. v. Knallay

This matter is before the court on appeal from summary judgment of the Norwalk Municipal Court. The facts of the instant appeal are set forth below.

On January 12, 1982, defendant, Cynthia J. Knallay (“Knallay”), applied to appellee, Huron County Banking Company, N.A. (“the bank”), for a loan in the amount of $1,500. At the time of making her loan application, Rex Glover, the bank’s loan officer, asked Knallay if she would have any collateral in order to secure the loan. At the time, Knallay indicated that her collateral would be a 1976 Pontiac Sunbird automobile. There is, however, a factual…