McALLISTER, Justice.
This is an action to enforce a security interest in the proceeds of the sale of the yacht Lolita. The defendant demurred on the ground that the complaint failed to state a cause of action. The trial court sustained the demurrer and when plaintiff failed to further plead dismissed the action. Plaintiff appeals.
The following facts are alleged in the complaint. On July 23, 1968, the plaintiff loaned David G. Russell and his wife $18,376...
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