BECKNELL v. FIRST NAT. BANK IN LITTLE ROCK

No. 84-1123.

740 F.2d 609 (1984)

James C. BECKNELL and John D. Kettelle, Trustees of the Linda and Leslie Becknell Trusts, Appellants, v. FIRST NATIONAL BANK IN LITTLE ROCK, Worthen Bank and Trust Co., Byron M. Eiseman, Jr., Robert V. Light, Boyce R. Love, Luke W. Quinn, Philip J. Deer, Jr., Jesse P. Walt, Gerald K. Johnson, Kenneth Price, Jerry L. Grigsby, G. Warren Stephenson, Edward P. Moore, Robert L. McGinnis, Lawrence B. Brashears, E.W. Freeman, III, A.C. Freeman, III, A.C. Freeman, Joseph Bates, James R. Parker, Jr., Hardy L. Winburn, Jr., Wittenberg, Delony & Davidson, Garver & Garver Inc., Dan R. Robinson, Vernon N. Hopkins, T. & W. Investments, Ashley S. Ross, and Frank H. Parke, Jr., Appellees.

United States Court of Appeals, Eighth Circuit.

Decided July 12, 1984.


Attorney(s) appearing for the Case

Edward F. Mannino, Henry F. Siedzikowski, Marguerite S. Walsh, Philadelphia, Pa., for appellants.

David M. Powell, Wright, Lindsey & Jennings, Little Rock, Ark., for appellee Worthen Bank and Trust Co., N.A.

George Pike, Jr., Friday, Eldredge & Clark, Little Rock, Ark., for appellee First Nat. Bank in Little Rock.

Before HEANEY, Circuit Judge, FLOYD R. GIBSON, Senior Circuit Judge, and ARNOLD, Circuit Judge.


PER CURIAM.

In this diversity case the appellants assert that the appellees' sales of collateral were not commercially reasonable as required by Ark.Stat.Ann. § 85-9-504(3) (Supp.1983). The District Court1 disagreed, stating:

[T]he Court specifically finds that the sales were held in a commercially reasonable manner and that fair market value was obtained for the partnership units...

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