Clifton v. Dixie Production Credit Ass'n

Shulman, Presiding Judge.

Marion Kent and appellee Dixie Production Credit Association (“PCA”) were parties to a security agreement in which PCA agreed to lend Kent money in exchange for a security interest in, among other things, 174 head of swine livestock and the proceeds thereof. It is not disputed that PCA properly perfected its security interest. Following Kent’s sale of the livestock to appellants Clifton, PCA brought suit against Kent and the Cliftons for the purchase price of the swine ($3,000). Kent’s debt was discharged in bankruptcy and his motion for summary judgment based on that…