Production Credit Association of Southern New Mexico v. Alamo Ranch Company

BRORBY, Circuit Judge.

Appellant, Alamo Ranch Company (Alamo), appeals a $47,550.63 judgment entered in favor of appellee, Production Credit Association of Southern New Mexico (New Mexico PCA) for accounts receivable generated by the caretaking and feeding of appellant’s cattle.

BACKGROUND

The district court made the following factual findings. In November 1984, John Keck, president of Alamo, entered into an oral agreement with Rolla Hinkle II, president of Chaves County Cattle Corporation (Chaves County Cattle), involving the transfer of 900 head of Alamo cattle to the Chaves County Cattle…