Farmland Industries, Inc. v. Bittner

HANNA, Judge.

Farmland Industries, Inc. (“Farmland”), appeals from the trial court’s judgment, which held that Farmland was equitably es-topped from asserting that Respondent Dale Bittner’s oral revocation of a guaranty agreement was invalid under the statute of frauds.

In January 1992, South Branch Fertilizer (“South Branch”), a partnership, submitted a credit application to Farmland to make purchases on open account. After reviewing this application, Allen Baeur, Farmland’s credit manager, refused to extend credit to South Branch unless the partners, Galen Polt and Dale Bittner, personally…