Moutray v. Perry State Bank

Plaintiffs appeal from the judgment of the trial court in favor of defendant-respondent declaring respondent was entitled to collect on certain promissory notes made by appellants. We affirm.

Appellants William Moutray, his wife Naomia, and their son Billy Moutray, executed certain promissory notes in favor of respondent Perry State Bank. Appellants pledged various items as security for the promissory notes. By written agreement one of the notes was secured by milo as collateral. Milo is an early growing grain that is used primarily as feed for livestock.

The milo appellants pledged as…