Pillsbury Co. v. Huenefeld

OPINION

NAUMAN S. SCOTT, Chief Judge.

Plaintiff, the Pillsbury Company (Pillsbury) filed suit on July 11,1979, to foreclose on a collateral mortgage that was executed by defendant Fred Huenefeld, Jr. (Huenefeld), to secure his obligation under a continuing guaranty agreement. That agreement was entered into for the purpose of ensuring the performance of Riverport Terminal, Inc. (Riverport), a now defunct grain storage facility, in its obligation to purchase and store soybeans for Pillsbury in return for the latter’s inventory financing.

Harry R. Henderson (Henderson), one of the other…