TAGGART & TAGGART SEED v. FIRST TENN. BANK NAT. ASS'N.

No. H-C-87-18.

684 F.Supp. 230 (1988)

TAGGART & TAGGART SEED, INC.; Taggart & Taggart, Inc.; Taggart & Taggart Transportation, Inc.; Tommy Taggart; Charles Taggart; and Charles Wright, Plaintiffs, v. FIRST TENNESSEE BANK NATIONAL ASSOCIATION, Defendant.

United States District Court, E.D. Arkansas, E.D.

April 15, 1988.


Attorney(s) appearing for the Case

David Hodges, Little Rock, Ark., for plaintiffs.

Michael C. Patton, Heiskell, Donelson, Bearman, Adams, Williams & Kirsch, Memphis, Tenn., and Herbert C. Rule, III, The Rose Law Firm, Little Rock, Ark., for defendant.


MEMORANDUM AND ORDER

HENRY WOODS, District Judge.

On April 8, 1988, the court heard oral argument on the defendant's motions to dismiss and for summary judgment. For the reasons that follow the defendants motions are granted and the plaintiffs' complaint is dismissed.

I. BACKGROUND

On April 24, 1984, a loan agreement was made by and between Taggart & Taggart Seed, Inc., an Arkansas corporation with its principal place of business at...

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