Was this a good defense to the suit

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Reference no: EM131494956

Question: Anderson and For-Med, Inc. borrowed about $80,000 from First Westside Bank, using Anderson's mobile home as collateral for the loan. When a default in payment occurred, the bank repossessed the motor home. Before finally selling it, the bank obtained bids from other dealers, customers, and banks. It then sold the motor home for $60,000 and sued Anderson and ForMed for the difference between the debt and the sale price. Anderson and For-Med claimed that the sale was not reasonable because the bank had not advertised the sale sufficiently. Was this a good defense to the suit? (First Westside Bank v. For-Med, Inc., 529 N.W.2d 66)

Reference no: EM131494956

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