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  5. 588 P.2d 1267 (1979)
 

CHARMLEY v. ALASKA MUN. EMP. FED. CR. U.

No. 3938.

588 P.2d 1267 (1979)

Frank J. CHARMLEY, Appellant, v. ALASKA MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION, Appellee.

Supreme Court of Alaska.

January 12, 1979.

Attorney(s) appearing for the Case

Albert Maffei, Anchorage, for appellant.

Denis R. Lazarus, Anchorage, for appellee.

Before RABINOWITZ, C.J., and CONNOR, BOOCHEVER, BURKE and MATTHEWS, JJ.

OPINION

PER CURIAM.

Frank J. Charmley entered into an agreement with FEPCO in November, 1975, to purchase a new truck. Charmley secured financing for the truck from the Alaska Municipal Employees Federal Credit Union (AMEFCU) on March 9, 1976, in the sum of $6,190 with interest at twelve per cent per annum. On that date, AMEFCU issued a check for $6,192 to FEPCO.

FEPCO went out of business, and Charmley never received his truck. AMEFCU filed a complaint...

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