Liberty National Bank v. Greiner

On September 7, 1973, defendants-appellants executed and delivered to plaintiff-appellee their promissory note in the amount of $56,419.56. The note was a consolidation of several business loans made by appellee to appellants and was secured by security agreements covering thirteen used trucks. Appellants defaulted on payments of both principal and interest and, with the knowledge and consent of appellant Gary Greiner, appellee took possession of eleven of the used trucks in September of 1974. Appellee sold seven of the trucks at an auction and the remaining four vehicles were sold upon…