Wagner v. Glasgow Livestock Sales Co.

This is an appeal from an order granting summary judgment. Pearl Wagner brought an action against the Glasgow Livestock Sales Company and Treasure State Bank to decide: (1) Whether the security agreement between Wagner and the Treasure State Bank created a valid security interest in the collateral described; (2) Whether an advance made on November 3, 1980 to Wagner’s husband and their ranch was secured by the security agreement; and, (3) Whether Glasgow Livestock Sales Company was liable to Wagner for proceeds of the sale of her cattle which were paid directly to Treasure State Bank rather…