Fischer v. Curtis State Bank

In November of 1976, Pamela Gay Hazen entered an agreement with the Curtis State Bank to obtain an extension of credit for the operating expenses of “The Flower Basket,” a floral and gift shop which was Pamela’s sole proprietorship. In conjunction with that agreement, Pamela signed a security agreement, granting the bank a security interest in the assets of the Flower Basket. According to an officer and director of the bank, in the summer of 1977 the bank made a loan “[i]n the neighborhood of $10,000.00” which was “credit extended to Pam Hazen doing business as The Flower Basket, for…