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GOLD KIST, INC. v. FARMERS AND MERCHANTS BANK

81-928.

425 So.2d 452 (1983)

GOLD KIST, INC. v. FARMERS AND MERCHANTS BANK.

Supreme Court of Alabama.

January 14, 1983.

Attorney(s) appearing for the Case

John Earle Chason of Chason & Chason, Bay Minette, for appellant.

Margaret G. Thomas of Murchison & Thomas, Foley, for appellee.

TORBERT, Chief Justice.

The plaintiff below, Farmers and Merchants Bank (Farmers), instituted these proceedings against Harry Hedges and Gold Kist, Inc. This appeal concerns only the disposition of the case against Gold Kist.

In 1980, Gold Kist purchased soybeans from Harry Hedges. Farmers asserted that the soybeans, purchased by Gold Kist, were collateral for a loan to Hedges, that they were subject to a perfected security interest in favor of Farmers, that...

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