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ESTATE OF SCHOMER v. PIGGOT

No. 88-304.

439 N.W.2d 190 (1989)

ESTATE OF Robert SCHOMER, Mildred Schomer, Executor, Appellant, v. Cecil PIGGOT d/b/a Noble Popcorn Products Company, Noble Popcorn, Noble Popcorn Farms, C.P. Popcorn, and Citizens Savings Bank, an Iowa Corporation, Appellees.

Supreme Court of Iowa.

April 19, 1989.

Attorney(s) appearing for the Case

Robert Kohorst of Kohorst Law Firm, Harlan, for appellant.

Kevin Murray of Vest, Becker & Murray, Sac City, for appellees.

Considered by HARRIS, P.J., and CARTER, NEUMAN, SNELL and ANDREASEN, JJ.

HARRIS, Justice.

Plaintiff Schomer1 was a farmer who contracted with defendant Noble2 to produce and deliver popcorn. Noble had given a $125,000 security interest in its inventory, including after-acquired property, to defendant Citizens Savings Bank.

Schomer delivered the popcorn to Noble and Noble placed it in its inventory. He was not paid for the corn. When Noble defaulted on the loan the bank took...

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