Wallace v. PINNACLE BANK-WYOMING

GOLDEN, Justice.

[T1] Earl D. Wallace and Nawana V. Wallace (the Senior Wallaces) borrowed $15,789 from Pinnacle Bank-Wyoming (Pinnacle) to finance a vehicle the Senior Wal-laces purchased for their son and his wife (the Junior Wallaces). Although the Senior Wallaces borrowed the money in their own names and agreed to make the payments on the loan, the collateral for the loan was the vehicle they bought for and titled in the Junior Wallaces' names. To that end, the Junior Wallaces signed a Third Party Security Agreement pledging the vehicle as collateral.

[T2] The day following the loan…