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FARMERS & MERCH. SAV. v. VANDENBERG CHEV.

No. 93-677.

523 N.W.2d 211 (1994)

FARMERS & MERCHANTS SAVINGS BANK, Manchester, Iowa, Appellee, v. VANDENBERG CHEVROLET-BUICK, LTD., Appellant. VANDENBERG CHEVROLET-BUICK, LTD., Appellant, v. FEDERATED MUTUAL INSURANCE COMPANY, Appellee.

Supreme Court of Iowa.

July 27, 1994.

Attorney(s) appearing for the Case

Robert J. Murphy, Independence, for appellant.

H. Raymond Terpstra, II, Terpstra, Terpstra & Epping, Cedar Rapids, for appellee Farmers & Merchants Sav. Bank.

John W. Holmes, Holmes & Holmes, Waterloo, for appellee Federated Mut. Ins. Co.

Considered by McGIVERN, C.J., and CARTER, LARSON, SNELL, and TERNUS, JJ.

CARTER, Justice.

Vandenberg Chevrolet-Buick, Ltd., an automobile dealership (the auto dealership), appeals from an adverse judgment based on an alleged breach of warranty in the sale of customers' deferred payment obligations to Farmers & Merchants Savings Bank (the bank). The auto dealership also appeals from the denial of its third-party claim for indemnity against Federated Mutual Insurance Company (Federated Mutual). After reviewing the record and considering...

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