Maine Farmers Exchange, Inc. v. Farm Credit of Maine, A.C.A.

[¶ 1] Farm Credit of Maine appeals from a judgment entered in the Superior Court (Aroostook County, Pierson, J.) in favor of the Maine Farmers Exchange (MFX) on its setoff claim against Farm Credit’s security interest in Nightingale Enterprises, Inc.’s (NEI) account receivable representing proceeds from the sale of potatoes. MFX cross-appeals that part of the judgment denying MFX’s claim against Farm Credit for unjust enrichment. Farm Credit contends that the court erred in concluding that MFX had a right to a setoff pursuant to 11 M.R.S.A. § 9-818 (1995) because MFX’s interests in NEI’s…