BONDED ELEVATOR, INC. v. FIRST NAT. BANK


680 S.W.2d 124 (1983)

BONDED ELEVATOR, INC., Movant, v. FIRST NATIONAL BANK OF LOUISVILLE, Respondent.

Supreme Court of Kentucky.

Rehearing Denied December 20, 1984.


Attorney(s) appearing for the Case

Richard M. Trautwein, Robert W. Bishop, Barnett & Alagia, Louisville, for movant.

Winfrey T. Blackburn, Jr., W. Robinson Beard, James D. Boyer, Stites & Harbison, Louisville, for respondent.


VANCE, Justice.

The questions presented by this appeal are (1) whether summary judgment was properly entered against Bonded Elevator, Inc., in favor of First National Bank of Louisville, and (2) whether the Bank is precluded from seeking satisfaction of the judgment from Bonded to the extent that Bank has received payment thereon from a third party under an unusual loan-receipt transaction.

Bonded Elevator, Inc., a Kentucky corporation, engaged in a grain...

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