LOGAN RANCH v. FARM CREDIT BANK

No. 89-338.

472 N.W.2d 704 (1991)

238 Neb. 814

LOGAN RANCH, KARG PARTNERSHIP, a Partnership, Appellant and Cross-Appellee, v. FARM CREDIT BANK OF OMAHA, Appellee and Cross-Appellant.

Supreme Court of Nebraska.

August 2, 1991.


Attorney(s) appearing for the Case

Richard E. Gee, Grand Island, for appellant and cross-appellee.

Tim W. Thompson, of Kelley, Scritsmier, Moore & Byrne, P.C., North Platte, for appellee and cross-appellant.

HASTINGS, C.J., and BOSLAUGH, WHITE, CAPORALE, GRANT, and FAHRNBRUCH, JJ.


HASTINGS, Chief Justice.

Logan Ranch, Karg Partnership, a partnership (Logan), appeals the granting of summary judgment to the Farm Credit Bank of Omaha (FCB). In its first cause of action, Logan brought suit for specific performance of a purchase agreement. Pursuant to 12 U.S.C. § 2219a (1988) of the Agricultural Credit Act of 1987 (Act), FCB sent Logan notice of its right of first refusal along with a purchase agreement containing the terms which FCB would...

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