United States Ex Rel. Farmers Home Administration v. Kennedy

Hunt, Justice.

This case comes before this court on a certified question from the United States Court of Appeals for the Eleventh Circuit. The facts as set out by that court, and the question, follow:

“FmHA made three emergency loans to Daniel S. Kennedy (‘Daniel’) on April 25, 1979, in the principal sums of $65,000, $23,600 and $10,850, 1 evidenced by separate promissory notes. Daniel also executed a security agreement covering chattels and crops. 2 On that same date, Daniel’s parents, appellees Millard and Glenwodyne B. Kennedy (‘the Kennedys’), endorsed Daniel’s promissory notes, gave FmHA a…