STATON, Judge.
The Calumet National Bank had financed Philip Rashid's used car lot, LaSalle Motor Car Sales, Inc. on the personal guarantee of Rashid and his wife. Rashid had also executed documents which stated that his inventory of used cars was collateral for the loan and that proceeds from the sale of the used cars would be applied to reduce his indebtedness with the Bank. The Bank, deeming itself insecure because the proceeds from some of the cars sold had not...
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