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ADAMS BANK v. EMPIRE FIRE & MARINE

No. 88-455.

455 N.W.2d 569 (1990)

235 Neb. 464

ADAMS BANK & TRUST, Appellant, v. EMPIRE FIRE AND MARINE INSURANCE COMPANY, Appellee.

Supreme Court of Nebraska.

May 25, 1990.

Attorney(s) appearing for the Case

Tanya L. Dillow of McGinley, Lane, Mueller, O'Donnell & Williams, P.C., Ogallala, for appellant.

Terrance O. Waite of Murphy, Pederson, Piccolo & Pederson, North Platte, for appellee.

HASTINGS, C.J., and BOSLAUGH, WHITE, CAPORALE, SHANAHAN, GRANT and FAHRNBRUCH, JJ.

BOSLAUGH, Justice.

The plaintiff, Adams Bank & Trust, brought this action against the defendant, Empire Fire and Marine Insurance Company, to recover on a motor vehicle dealer's bond issued to Fuller Motor Co., Inc. (Fuller), by the defendant.

Fuller operated an automobile dealership in Ogallala, Nebraska. The plaintiff financed Fuller's used-car operation through a floor plan arrangement. The security agreement...

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