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KARDUX TRANSFER, INC. v. McGREW

No. 83-877.

350 N.W.2d 223 (1984)

KARDUX TRANSFER, INC., Plaintiff-Appellee, v. Floyd McGREW, Defendant-Appellant, Dave White, d/b/a Dave White Trucking, and Art Clemmons, Defendants.

Court of Appeals of Iowa.

April 24, 1984.

Attorney(s) appearing for the Case

Stephen C. Gerard II, Bartley Law Office, Iowa City, for defendant-appellant.

Jeffrey M. Johnson, and W. Jon Henson, Terrence L. Mealy Law Office, Muscatine, for plaintiff-appellee.

Heard by OXBERGER, C.J., and HAYDEN and SACKETT, JJ.

SACKETT, Judge.

The plaintiff, Kardux Transfer, Inc., sold three semi-trailers to Dave White. White gave Kardux a promissory note for the purchase price, and a security interest in the three trailers and in a semi-tractor to secure payment on the note. White later leased one of the three trailers to defendant Floyd McGrew. McGrew's employee, Art Clemmons, was involved in an accident which damaged the trailer. White subsequently defaulted on the promissory note. Kardux...

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