Legal Opinion

EASTERN IDAHO PROD. CREDIT ASSOCIATION v. Idaho Gem, Inc.

Idaho Supreme Court

Decided November 24, 1992No. 18827PublishedCited by 7 opinions

1Opinion of the Court

BISTLINE, Justice.

Beginning in 1983, EIPCA lent money for the purpose of crop production to Blair W. Heinz (“Heinz”). All of Heinz’s crops were subject to EIPCA’s perfected security interest. 1 In the crop year 1985, Heinz raised a crop which included certain seed potatoes. In June of 1986, Heinz sold seed potatoes from his 1985 crop to W.L. Baker, Inc., an Idaho corporation (“Baker”), and Baker agreed to give Heinz $24,095, or in the alternative, a prescribed amount of commercial potatoes, as payment for the seed potatoes. In the same year, Baker planted those seed potatoes along with seed…

2Cases cited9 opinions

  1. Central Washington Bank v. Mendelson-Zeller, Inc.Washington Supreme Court · 1989
  2. Clovis National Bank v. ThomasNew Mexico Supreme Court · 1967
  3. The First National Bank and Trust Company of Oklahoma City, Plaintiff v. Iowa Beef Processors, Inc.Court of Appeals for the First Circuit · 1980
  4. Lisbon Bank and Trust Company v. MurraySupreme Court of Iowa · 1973
  5. Farnum v. C. J. Merrill, Inc.Supreme Judicial Court of Maine · 1970

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3Cited by7 opinions

  1. Bailey v. Lincoln General Insurance Co.Supreme Court of Colorado · 2011
  2. First State Bank v. ClarkSupreme Court of Iowa · 2001
  3. Business Bank v. White (In Re Timothy Dean Restaurant & Bar)District Court, District of Columbia · 2006
  4. Forest View Acres Water District v. Colorado State Board of Land CommissionersColorado Court of Appeals · 1998
  5. Maine Farmers Exchange, Inc. v. Farm Credit of Maine, A.C.A.Supreme Judicial Court of Maine · 2002

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