Refco, Inc. v. Farm Production Association, Inc., Kenneth Lance

ROSS, Senior Circuit Judge.

I

Appellant Kenneth Lance, President of Farm Production Association, Inc. (Farm Production), appeals from an order of the district court 1 finding him individually liable for a $191,846.06 debit in a commodities trading account with appellee Refco, Inc. Lance raises two principal issues on appeal. 2 First, he argues that Refco’s claim seeking recovery of the entire debit amount is barred by Arkansas’ five-year statute of limitations. Second, he contends that the district court’s factual finding that the account agreement was executed by Lance as an individual, and…