Legal Opinion
Idaho Bank & Trust Co. v. Cargill, Inc.
Idaho Court of Appeals
Decided June 21, 1983No. 14038PublishedCited by 14 opinions
1Opinion of the Court
SWANSTROM, Judge.
Idaho Bank & Trust Co. made a series of loans to Floyd Idle, a grain dealer at Rupert, Idaho. Some of the loans had not been repaid when Idle declared bankruptcy in 1977. The bank sought payment of the unpaid loans from Cargill, Inc., under the theory that Cargill was an “account debtor” who had wrongfully made several payments to Idle on grain contracts, the proceeds of which Idle had assigned to the bank as security. When Cargill refused to accept liability for the bank’s losses, the bank brought this suit. Following trial, the district court held that the bank did not have…
2Cases cited9 opinions
- Safe Deposit Bank and Trust Company v. Eugene B. Berman, Trustee, in the Matter of Fernandes Welding & Equipment Service, Inc., BankruptCourt of Appeals for the First Circuit · 1968
- Whitworth v. KruegerIdaho Supreme Court · 1976
- Ertel v. Radio Corporation of AmericaIndiana Supreme Court · 1974
- Texas Kenworth Co. v. First National Bank of BethanySupreme Court of Oklahoma · 1977
- Valley Nat. Bank of Ariz. v. Flagstaff DairyCourt of Appeals of Arizona · 1977
4 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Simplot v. WILLIAM C. OWENS, MD, PAIdaho Supreme Court · 1990
- In Re SCHWALBUnited States Bankruptcy Court, D. Nevada · 2006
- Central Production Credit Ass'n v. HopkinsMissouri Court of Appeals · 1991
- In Re SeiboldUnited States Bankruptcy Court, D. Idaho · 2006
- Simplot v. WILLIAM C. OWENS, MD, PAIdaho Court of Appeals · 1990
9 more not listed; retrieve them via the Exa API.