[DOWNLOAD] "Gene Thompson and Jean D. Thompson v. Max" by Supreme Court of North Dakota # Book PDF Kindle ePub Free
eBook details
- Title: Gene Thompson and Jean D. Thompson v. Max
- Author : Supreme Court of North Dakota
- Release Date : January 27, 1993
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 75 KB
Description
SANDSTROM, Justice. Gene and Jean D. Thompson appealed from district court judgments on an accounting of expenses for and income from potato
crops grown by a joint venture consisting of the Thompsons and Max and Mel Danner. First American Bank and Trust of Grafton
cross-appealed. We hold: (1) the Bank's security interest in future crops ultimately grown by the joint venture, but which
was given to the Bank by the Danners prior to formation of the joint venture, is superior to the interests of the joint venture
and its participants; (2) the Bank is not entitled, under the terms of the security agreement, to storage payments as secured
"proceeds" of the potato crops; and (3) Jean Thompson, as a joint venturer, may not claim an agricultural processor's lien
under Chapter 35-30, N.D.C.C., against crops, and the resulting proceeds, grown by the joint venture. We reject other assertions
of reversible error and, accordingly, affirm the judgments.