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JOHN DEERY MOTORS, INC. v. STEINBRONN

No. 85-656.

383 N.W.2d 553 (1986)

JOHN DEERY MOTORS, INC., Appellant, v. Russell R. STEINBRONN and Christine K. Steinbronn, Appellees.

Supreme Court of Iowa.

March 19, 1986.

Attorney(s) appearing for the Case

Craig C. Ament of Olsen, Parsons & Ament, Cedar Falls, for appellant.

J.D. Villont of Donohue Law Office, P.C., West Union, for appellees.

Considered by HARRIS, P.J., and LARSON, SCHULTZ, CARTER, and WOLLE, JJ.

WOLLE, Justice.

This case presents a single question of law. Does a secured party's sale of collateral at an auction open only to automobile dealers constitute a "public" sale within the meaning of Iowa Code section 554.9504(3) (1981), part of the Iowa Commercial Code? The district court held that the secured party, plaintiff John Deery Motors (Deery), was not entitled to a deficiency judgment against its debtors, because it had given notice of a sale by private proceedings...

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