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SEAFIRST COMMERCIAL CORP. v. SPEAKMAN

Nos. C6-85-1754, C6-85-1755.

384 N.W.2d 895 (1986)

SEAFIRST COMMERCIAL CORPORATION, Respondent, v. John R. SPEAKMAN, et al., Respondents, George O.R. Carlson, Appellant, TLC Leasing Corporation, Respondent.

Court of Appeals of Minnesota.

April 1, 1986.

Attorney(s) appearing for the Case

Michael B. Braman St. Paul, for Seafirst Commercial Corp.

Ronald G. Black, Elk River, for respondents.

John R. Speakman, Anoka, pro se.

Heard, considered and decided by NIERENGARTEN, P.J., and LANSING and RANDALL, JJ.

OPINION

RANDALL, Judge.

Transport Leasing Company (TLC) defaulted on a note for $244,687.49 in favor of Seafirst Corporation. Seafirst repossessed the collateral, which consisted of six buses, and proceeded against the guarantors on the note, John R. Speakman, Richard A. Johnson, George O.R. Carlson, and Ralph Dickenson. Seafirst's claims against Dickenson have been resolved in a separate proceeding. The remaining guarantors are appellants in this action...

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