Court Opinion

ID: 9524390
Source: CourtListenerOpinion
Date Created: 2023-08-07 02:52:17.535286+00
Date Added: 2024-06-11T13:09:52.439967
License: Public Domain

STATON, Judge,
concurring.
I concur. The right of the Rempas to be discharged from their obligation on the note is limited to the loss suffered by them as a result of PCA’s failure to properly perfect a security interest in the construction equipment. In order to establish this loss, the Rempas would have to present evidence which would show the amount of money that could have been realized from the sale of the construction equipment by PCA if it had properly perfected its security interest. The Rempas have failed to make this showing; they have failed to establish their defense of pro tanto release; therefore, the judgment of the trial court should be affirmed.