Great Oil Basin Securities Corp. v. Union National Bank of Little Rock

OPINION

OSBORN, Justice.

This is the third and perhaps final round of a main event which has continued for a period of eight years over a promissory note and deed of trust. The results of the first two rounds are recorded in McAdoo v. Union National Bank of Little Rock, Arkansas, 535 F.2d 1050 (8th Cir. 1976), and McAdoo v. Union National Bank of Little Rock, Arkansas, 558 F.2d 1313 (8th Cir. 1977). Neither side was a clear winner in the early rounds; thus, each side seeks a final blow that will end the confrontation once and for all. If we were to sustain a plea of limitations as a defense to…