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REFCO, INC. v. FARM PRODUCTION ASS'N, INC.

No. 86-2587.

844 F.2d 525 (1988)

REFCO, INC., Appellee, v. FARM PRODUCTION ASSOCIATION, INC., Kenneth Lance, Appellant.

United States Court of Appeals, Eighth Circuit.

Decided April 12, 1988.

Attorney(s) appearing for the Case

G. Alan Wooten, Ft. Smith, Ark., for appellant.

Elizabeth J. Robben, Little Rock, Ark., for appellee.

Before FAGG and MAGILL, Circuit Judges, and ROSS, Senior Circuit Judge.

ROSS, Senior Circuit Judge.

I.

Appellant Kenneth Lance, President of Farm Production Association, Inc. (Farm Production), appeals from an order of the district court1 finding him individually liable for a $191,846.06 debit in a commodities trading account with appellee Refco, Inc. Lance raises two principal issues on appeal.2 First, he argues that Refco's claim seeking recovery of the entire debit...

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