Hutchinson National Bank & Trust Co. v. N. F. English Construction Co.

The opinion of the court was delivered by

Kaul, J.:

Plaintiff-appellant, Hutchinson National Bank and Trust Company, hereafter referred to as Bank, instituted this action against defendant-appellee, N. F. English Construction Company, Inc., hereafter referred to as English, to recover on two accounts *662receivable, which had been assigned to Bank as collateral by its debtor Bybee.

Bybee was a floor covering contractor doing business as Bybee’s Custom Floors. English is a general contractor in the construction business.

On August 30, 1963, Bybee secured a loan from Bank, evidenced by a promissory…