Home Bank & Trust Co. v. Cedar Bluff Cattle Feeders, Inc.

Marquardt, J.:

Cedar Bluff Cattle Feeders, Inc., and its assignee, Bank of Oklahoma, N.A., (Cedar Bluff) appeal from the decision of the district court that they did not have a purchase money security interest involving cattle. In the alternative, Cedar Bluff argues that it is entitled to be paid for the costs of caring for and feeding the cattle from the time that it repossessed them. Cedar Bluff also argues that the district court should not have awarded prejudgment interest to Home Bank & Trust Company (Home Bank).

C. C. Cattle Company, Inc., (C. C. Cattle) buys, grazes, and sells cattle. On…