Hubbard v. HomeBank of Arkansas

LARRY D. VAUGHT, Chief Judge.

|, James Hubbard appeals from the judgment entered by the Circuit Court of Sear-cy County in favor of HomeBank of Arkansas, finding that Hubbard’s interest in cattle proceeds was subordinate to Home-Bank’s perfected first lien in the same proceeds. Hubbard argues on appeal that the trial court erred as a matter of law in granting HomeBank “a perfected security interest in the proceeds of [the] sale of cattle to which the bank’s debtor did not have title.” We disagree and affirm.

In 2000, Hubbard and his friend Jack Simpkins entered into an oral agreement for the…