Kearney State Bank & Trust Co. v. Scheer-Williams

This is an appeal from a jury verdict in a contract action from the district court for Buffalo County. The jury found for the plaintiff-appellee, Kearney State Bank and Trust Company (Bank), in the amount of $10,000. The parties defendant to this action, Russell Scheer-Williams and the men’s clothing store of which he is the owner and operator, Scheer-Williams Clothier, Inc., bring this appeal.

On January 15,1985, the Bank took a security interest in the store’s inventory, accounts, fixtures, etc., based on a prior security agreement and financing statement (dated October 4, 1982) in exchange…