Legal Opinion
National Livestock Credit Corp. v. Schultz
Court of Civil Appeals of Oklahoma
Decided November 19, 1982No. 55790PublishedCited by 13 opinions
1Opinion of the Court
BRIGHTMIRE, Judge.
The major question raised by this appeal is whether the terms of a cattle security agreement regarding sale of the cattle, designed for perfected lender’s protection, were waived by the creditor’s long-term course of conduct inconsistent with the protective provisions. A secondary issue is whether a secured party is estopped to deny authorization of the sale in a suit for conversion against the buyer based upon a detrimental reliance theory. The trial court resolved both issues against the loan company. We affirm.
I
The facts are not disputed. G.W. “Bill” Schultz and his son…
Also in this document: Concurrence.
2Cases cited5 opinions
- Pettis v. JohnstonSupreme Court of Oklahoma · 1920
- Westinghouse Credit Corporation v. Joe R. Shelton, Sr., an IndividualCourt of Appeals for the Tenth Circuit · 1981
- Poteau State Bank v. DenwaltSupreme Court of Oklahoma · 1979
- White v. Webber-Workman Co.Court of Civil Appeals of Oklahoma · 1979
- Griffith v. McBrideSupreme Court of Oklahoma · 1940
3Cited by13 opinions
- Sisney v. SmalleySupreme Court of Oklahoma · 1984
- J.I. Case Credit Corporation v. Bobby Crites, and Rodney TimmCourt of Appeals for the Tenth Circuit · 1988
- Woods Petroleum Corp. v. Delhi Gas Pipeline Corp.Supreme Court of Oklahoma · 1985
- Pelican Production Corp. v. Wishbone Oil & Gas, Inc.Court of Civil Appeals of Oklahoma · 1987
- Thomas v. Ralston Purina Co. (In Re Thomas)United States Bankruptcy Court, M.D. Georgia · 1984
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