OPINION
PER CURIAM:
In December, 1980, respondent Valley Bank of Nevada ("Valley Bank") financed the purchase of a DC-3 airplane by appellant Royal West Airways, Inc. ("Royal West") and perfected a security interest in the airplane. Appellant Edward S. Coleman ("Coleman") signed a demand note both as President of Royal West and individually, and in February, 1981, executed a personal guaranty of the loan. Royal West and Coleman defaulted on the loan during...
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