Grundy County National Bank v. Myre

Defendant Marshall Myre appeals from a judgment for *29,897.79 entered in favor of plaintiff Grundy County National Bank (hereinafter Bank) in a suit to collect certain accounts receivable which were assigned to the Bank by Ottawa Grain-Supply, Inc., a farm supply business now defunct.

This litigation is the unfortunate culmination of a 20-year business and social relationship between Marshall Myre, a farmer, and Jerry Schmanske, the manager of Ottawa Grain. Myre purchased nearly all of his fertilizer, chemicals, and other farm supplies from Schmanske on open account, and because of the size of…