Chevron Chemical Co. v. Mecham

MEMORANDUM DECISION

JENKINS, District Judge.

This is an action for collection of a debt.

I. JURISDICTION

This Court has jurisdiction of this action pursuant to 28 U.S.C. § 1332 (1976). Venue is proper as well. 28 U.S.C. § 1391 (1976).

II. STATEMENT OF THE CASE

In April, 1968 the plaintiff, Chevron Chemical Co., extended a $10,000 line of credit to the Great Basin Grain Co., an Idaho corporation, to enable it to purchase quantities of fertilizer and pesticide for commercial resale as part of Great Basin’s business. See Plaintiff’s Exhibit No. 14. In August of that year, Chevron increased Great…