Court of Appeals of Minnesota June 25, 2002, C4-01-2185 (American State Bank of Olivia v. Ladwig & Ladwig, Inc.)

OPINION

HANSON, Judge.

Respondent farmer agreed to sell a 50% ownership interest in a combine to debtor if debtor made five annual loan payments on the combine. Appellant bank sued respondent farmer to recover possession of the combine in which the bank asserted a 50% ownership interest by foreclosure of its security agreement with debtor.