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WORLD WIDE TRACERS v. METRO. PTROTECTION, INC.

No. C6-85-443.

373 N.W.2d 839 (1985)

WORLD WIDE TRACERS, INC., Appellant, v. METROPOLITAN PROTECTION, INC., formerly Protection Technologies, Inc., Defendant, Metropolitan State Bank, John Hole, et al., Respondents.

Court of Appeals of Minnesota.

Review Granted November 1, 1985.

Attorney(s) appearing for the Case

Terence P. Durkin, St. Paul, for appellant.

William M. Habicht, Edina, for Metropolitan State Bank.

Robert M. Smith, Minneapolis, for John Hole, et al.

Heard, considered and decided by POPOVICH, C.J., and FOLEY and LESLIE, JJ.

OPINION

FOLEY, Judge.

World Wide Tracers, Inc. appeals the trial court's ruling granting partial summary judgment in favor of Metropolitan State Bank. We affirm.

FACTS

In July 1980, World Wide Tracers, Inc. (plaintiff/appellant) sold to Metropolitan Protection, Inc. (defendant) certain assets and properties.

To secure payment of the purchase price, Metropolitan Protection executed a security agreement and financing statement in...

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