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DAIRYLAND FINANCIAL CORP. v. FICB OF ST. PAUL

No. 87-2700.

852 F.2d 242 (1988)

DAIRYLAND FINANCIAL CORPORATION, Plaintiff-Appellant, v. FEDERAL INTERMEDIATE CREDIT BANK OF ST. PAUL, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided July 14, 1988.

Attorney(s) appearing for the Case

E. Campion Kersten, Kersten & McKinnon, Milwaukee, Wis., for plaintiff-appellant.

Roy L. Prange, Jr., Ross & Stevens, S.C., Madison, Wis., for defendant-appellee.

Before POSNER, COFFEY, and FLAUM, Circuit Judges.

FLAUM, Circuit Judge.

Dairyland Financial Corporation ("Dairyland") filed suit against the Federal Intermediate Credit Bank of St. Paul ("FICB") alleging that FICB breached an oral contract between the parties for the sale of a portfolio of agricultural loans.1 The district court granted summary judgment in favor of FICB on the ground that enforcement of the alleged agreement was barred by the applicable statute of frauds. We affirm.<...

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