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LIBERTY BANK v. HONOLULU PROVIDORING INC.

No. 7657.

650 P.2d 576 (1982)

LIBERTY BANK, Plaintiff-Appellee, Cross-Appellant, v. HONOLULU PROVIDORING INC., Thomas A. Griffiths and J. Betty Griffiths, aka Jeanette B. Griffiths, Defendants-Appellants, Cross-Appellees.

Supreme Court of Hawaii.

September 14, 1982.

Attorney(s) appearing for the Case

Philip D. Bogetto, Honolulu (Michael A. Weight, Honolulu, with him on the briefs), for defendants-appellants, cross-appellees.

Neil F. Hubert, Honolulu (Hong and Iwai, Honolulu, of counsel), for plaintiff-appellee, cross-appellant.

Before RICHARDSON, C.J., and LUM, NAKAMURA, PADGETT and HAYASHI, JJ.

LUM, Justice.

The salient issue in this appeal is whether the trial court erred in concluding as a matter of law that a public auction of collateral to satisfy an unpaid loan was held in a commercially reasonable manner under HRS § 490:9-504 of the Uniform Commercial Code. Finding an affirmative answer on the basis of the very language of the security agreement, we reverse the lower court's decision and remand the case for execution of the appropriate remedy...

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