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FIRST SEC. BANK v. MOUNTAIN VIEW EQUIPMENT

No. 16452.

730 P.2d 1078 (1986)

112 Idaho 158

FIRST SECURITY BANK OF IDAHO, N.A., Plaintiff-Respondent, v. MOUNTAIN VIEW EQUIPMENT COMPANY, INC., an Idaho corporation; Carl V. Nicholson and Patricia A. Nicholson, husband and wife; and Thomas T. Nicholson and Diane Nicholson, husband and wife, Defendants-Appellants, and Twin V. Ranches, Inc., an Idaho corporation, Defendant.

Court of Appeals of Idaho.

Petition for Review Granted February 25, 1987.

Attorney(s) appearing for the Case

Kenneth O. Kreis, Boise, for defendants-appellants.

Michael L. Schindele, Boise, for plaintiff-respondent.

BURNETT, Judge.

This is a suit by a bank to collect the unpaid balance of a contract assigned to it by a farm implement dealer. The question presented is whether the bank is barred from collecting because it failed to preserve certain collateral. The district court held that it was not. We agree.

The facts essential to our opinion are undisputed. An organization known as Twin V. Ranches, Inc., purchased farm equipment from a dealer, Mountain View Equipment...

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