VALLEY NAT. BANK OF ARIZ. v. FLAGSTAFF DAIRY

No. 1 CA-CIV 3132.

116 Ariz. 513 (1977)

570 P.2d 200

The VALLEY NATIONAL BANK OF ARIZONA, a National Banking Association, Appellant, v. FLAGSTAFF DAIRY, a partnership consisting of Frank Zanzucchi and Sarah A. Zanzucchi, his wife, and Paul Zanzucchi and Mary Roe Zanzucchi, his wife, Patrick Henry Zanzucchi, aka Hank Zanzucchi, John Doe II through V, and Mary Roe II through V, and Black Corporation I through V, Appellees.

Court of Appeals of Arizona, Division 1, Department A.

Rehearing Denied September 19, 1977

Review Denied October 12, 1977


Attorney(s) appearing for the Case

Rawlins, Ellis, Burrus & Kiewit by Redfield T. Baum, Phoenix, for appellant.

Moeller & Henry by James Moeller, Phoenix, for appellees.


OPINION

HAIRE, Judge.

On this appeal the appellant bank contends that the trial court erred in entering summary judgment against it on the basis that, as a matter of law, the bank had no valid interest in certain accounts receivable which had been assigned to it by its borrower.

In the early 1970s the appellant bank began extending credit to one of its customers (Larry E. Brown) to finance the production of milk at his dairy. Brown thereafter sold...

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