Legal Opinion

Mendel v. Production Credit Ass'n of the Midlands

District Court, D. South Dakota

Decided April 3, 1987No. Civ. 86-4098, 86-4104PublishedCited by 12 opinions

1Opinion of the Court

MEMORANDUM OPINION AND ORDER

JOHN B. JONES, District Judge.

FACTS

Dennis and Thelma Mendel (Mendels) started doing business with the Mitchell-Huron Production Credit Association, now Production Credit Association of the Midlands (PCAM) in 1979. The loans involved in these actions were made in 1985, with PCAM taking a security interest in the Mendels’ farm machinery. Mendels also made an oral request for an additional loan in 1986 which was denied. At PCAM’s request, the Mendels sold the farm machinery securing the 1985 debt, and the proceeds of $32,276.32 are being held by the Clerk of this…

2Cases cited17 opinions

  1. Cort v. AshSupreme Court of the United States · 1975
  2. Touche Ross & Co. v. RedingtonSupreme Court of the United States · 1979
  3. Foster v. Johns-Manville Sales Corp.Court of Appeals for the Eighth Circuit · 1986
  4. Charles Stinson Smith and Jimmie Dean Smith v. Russellville Production Credit AssociationCourt of Appeals for the Eleventh Circuit · 1985
  5. Corum v. Farm Credit ServicesDistrict Court, D. Minnesota · 1986

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3Cited by12 opinions

  1. Harper v. Federal Land Bank of SpokaneCourt of Appeals for the Ninth Circuit · 1989
  2. Donald E. Redd and Mary A. Redd v. Federal Land Bank of St. Louis, Federal Land Bank Association of Northeast Missouri and Doug Browne, TrusteeCourt of Appeals for the Eighth Circuit · 1988
  3. Schroder v. VolckerCourt of Appeals for the Tenth Circuit · 1988
  4. Mendel v. Production Credit Ass'n of the MidlandsCourt of Appeals for the Eighth Circuit · 1988
  5. Speck v. Federal Land Bank of OmahaSouth Dakota Supreme Court · 1993

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