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GREEN TREE ACCEPT. v. MIDWEST FED. S&L

No. CX-88-2257.

433 N.W.2d 140 (1988)

GREEN TREE ACCEPTANCE, INC., Petitioner, v. MIDWEST FEDERAL SAVINGS AND LOAN ASSOCIATION OF MINNEAPOLIS, Respondent.

Court of Appeals of Minnesota.

December 13, 1988.

Attorney(s) appearing for the Case

J. Patrick McDavitt, Briggs and Morgan, Minneapolis, for petitioner.

Thomas Harms, Hessian, McKasy & Soderberg, Minneapolis, for respondent.

Considered at Special Term and decided by WOZNIAK, C.J., and PARKER, J. without oral argument.

SPECIAL TERM OPINION

WOZNIAK, Chief Judge.

FACTS

Petitioner Green Tree buys and services conditional sales contracts. In 1985 Green Tree sold a portfolio of contracts to respondent Midwest Federal. Green Tree continued to service the contracts for Midwest Federal. A further agreement relating to the sale was reached in 1987.

Green Tree argues that Midwest Federal effectively released all potential claims, and it brought a declaratory judgment...

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