Legal Opinion
First Western Bank v. Livestock Yards Co.
South Dakota Supreme Court
Decided August 9, 1989No. 16509PublishedCited by 20 opinions
1Opinion of the Court
MORGAN, Justice.
Livestock Yards Co. (Partnership) appeals from an order granting summary judgment in favor of First Western Bank (Bank) in its cause of action for reformation and foreclosure of a mortgage and dismissing Partnership’s counterclaim for negligence. We reverse.
Madden’s Livestock Market, Inc. (Corporation) originally owned and operated a sales barn at St. Onge, South Dakota, since 1961. Michael Madden (Madden) took over the operation in 1977 upon the death of his father. In 1983, Madden conceived a plan to split the ownership of the facilities and the operation of the sales barn.…
2Cases cited6 opinions
- Wilson v. Great Northern Railway CompanySouth Dakota Supreme Court · 1968
- Ellis v. MihelisCalifornia Supreme Court · 1963
- Dahl v. SittnerSouth Dakota Supreme Court · 1988
- Boyd v. Leasing Associates, Inc.Court of Appeals of Texas · 1974
- Nizielski v. TvinnereimSouth Dakota Supreme Court · 1988
1 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- First W. Bank, Sturgis v. Livestock YardsSouth Dakota Supreme Court · 1991
- Sparagon v. Native American Publishers, Inc.South Dakota Supreme Court · 1996
- First American Bank & Trust, N.A. v. Farmers State Bank of CantonSouth Dakota Supreme Court · 2008
- Paradigm Hotel Mortgage Fund v. Sioux Falls Hotel Co.South Dakota Supreme Court · 1994
- Production Credit Ass'n of the Midlands v. WynneSouth Dakota Supreme Court · 1991
15 more not listed; retrieve them via the Exa API.