HOLLAND v. FARMERS & MERCHANTS BANK

No. CA 85-434.

711 S.W.2d 481 (1986)

18 Ark.App. 119

Vernon HOLLAND, Appellant, v. FARMERS & MERCHANTS BANK, Appellee.

Court of Appeals of Arkansas.

June 18, 1986.


Attorney(s) appearing for the Case

Taylor & Watson by W.H. Taylor, Springdale, for appellant.

Everett & Whitlock, Prairie Grove, for appellee.


MAYFIELD, Judge.

This is an appeal from the granting of a motion for directed verdict. The appellant, Vernon Holland, was sued by the appellee, Farmers & Merchants Bank of Prairie Grove, Arkansas, for $32,599.76 alleged to be due as principal and interest on a promissory note. Holland answered, pleading the affirmative defense of accord and satisfaction.

At trial, the bank's president testified that the note was secured by a security agreement on some...

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