Farmers & Merchants Bank v. Dyersburg Production Credit Ass'n

CRAWFORD, Judge.

This appeal involves questions of priority of lien and commercially reasonable sale under the Uniform Commercial Code. Farmers & Merchants Bank (hereinafter Bank) filed its complaint on January 18, 1985, against Dyersburg Production Credit Association (PCA) seeking an injunction to prohibit PCA’s proceeding with a sale of certain items of personal property on which Bank claimed a lien superior to PCA’s. The sale scheduled for January 18, 1985, involved the property of Linus Thornton and wife, Donna Thornton, and Robert R. Thornton and wife, Juanita Thornton, (hereinafter…