United Missouri Bank of Kansas City, N.A. v. Gagel
District Court, D. Kansas
1Opinion of the Court
MEMORANDUM AND ORDER
SAFFELS, Senior District Judge.
This matter is before the court on the motion of the plaintiff, United Missouri Bank of Kansas City, N.A. (“Bank”), for partial summary judgment against defendant John W. Gagel on Count I of the complaint.
Defendant Gagel is the principal officer and owner of Machinery and Supplies Company, Inc. (“MSC”). MSC defaulted on several notes held by plaintiff Bank, which in turn exercised its rights in MSC’s collateral pursuant to security agreements executed by the Bank and MSC on August 6, 1986, and December 27, 1988. After applying the proceeds to…
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