Growers Cattle Credit Corp. v. Rohr

— James E. Rohr for several years prior to 1958 engaged in farming a 520-acre farm owned by Arthur K. Jones near Norwalk, Warren County, Iowa. Early in 1958 Robert K. Stout contracted to purchase the farm from Jones. Stout entered into a written lease with Rohr for one year starting May 15, 1958, and assigned his interest in the lease to Jones as security. In June 1958 Stout commenced negotiations with defendant Marlin Cole which culminated on September 22, 1958, in a written agreement of purchase of Stout’s interest in the farm by Cole. What, if anything, was done regarding the assignment of…