Legal Opinion
Home Trust Mercantile Bank v. Staggs
Missouri Court of Appeals
Decided June 30, 1986No. 50594PublishedCited by 12 opinions
1Opinion of the Court
CRIST, Judge.
Defendant Kenneth G. Staggs (Kenneth) appeals from the decision of the circuit court declaring plaintiff Home Trust Mercantile Bank (Bank) was entitled to use so much of the proceeds of a promissory note as necessary to pay a loan for which the note had been pledged as security. We reverse.
Hartwell Staggs (Hartwell) owned a farm which was sold to Willard and Gerald Fritsche on June 26, 1980. As a part of this sale, the Fritsches gave a promissory note in the amount of $53,854.83, payable in annual installments. This note was secured by a deed of trust in the farm. The note and…
2Cases cited15 opinions
- Harms v. SpragueIllinois Supreme Court · 1984
- Feltz v. PavlikMissouri Court of Appeals · 1953
- People Ex Rel. Department of Public Works v. NogarrCalifornia Court of Appeal · 1958
- Commercial Banking Co. v. SpurlockSupreme Court of Georgia · 1977
- Dickey v. PorterSupreme Court of Missouri · 1907
10 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Olson v. FraaseNorth Dakota Supreme Court · 1988
- In re Certificates of Deposit Issued by Hocking Valley BankOhio Supreme Court · 1991
- Kalk v. SECURITY PACIFIC BANKCourt of Appeals of Washington · 1994
- Houpt v. HouptMissouri Court of Appeals · 2005
- La Near v. Citimortgage, Inc.Missouri Court of Appeals · 2012
7 more not listed; retrieve them via the Exa API.