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PEOPLES STATE BANK OF CHERRYVALE v. CLAYTON

No. 49,407

2 Kan. App. 2d 438 (1978)

580 P.2d 1375

PEOPLES STATE BANK OF CHERRYVALE, KANSAS, Appellee, v. GLEN CLAYTON and MRS. CLAYTON, his Mother, Appellant.

Court of Appeals of Kansas.

Opinion filed July 14, 1978.

Attorney(s) appearing for the Case

Robert L. Eastman, of Becker, Hildreth, Eastman and Gossard, of Coffeyville, for appellant.

David L. Thompson, of Fitzpatrick & Thompson, of Independence, for appellee.

Before MEYER, P.J., ABBOTT and SWINEHART, JJ.

MEYER, J.:

This is a question of secured transactions, determined by the Uniform Commercial Code, K.S.A. 84-9-101, et seq.

The defendants, appellants herein, entered into an oral lease agreement (for an unnamed term) with a tenant to establish a dairy operation on their farm. The tenant, with defendants' knowledge, then borrowed $6,500 from the plaintiff, Peoples State Bank, to purchase dairy equipment. The plaintiff filed a financing statement, describing...

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