First Nat. Bank, Martinsville v. Crone

Two issues are raised in this appeal by the defendant-appellant Bank (Bank). One is whether the plaintiff-appellees Crone and Brown are buyers in the ordinary course of business as defined by the Uniform Commercial Code, and the other is if the trial court’s judgment against defendant-appellee Stanford Johnson is legally sufficient.

The facts giving rise to this appeal are as follows: defendant-appellee Stanford Johnson made arrangements with one Hollis Morgan for the delivery of three truck loads of walnut logs from Alabama. Johnson sent a portion of the purchase money to Morgan with the…