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S & S, INC. v. MEYER

No. 90-1339.

478 N.W.2d 857 (1991)

S & S, INC. d/b/a Star Grain Company, Appellant, v. Ernie MEYER, Appellee. S & S, INC. d/b/a Star Grain Company, Appellant, v. Mike MEYER, Appellee. S & S, INC. d/b/a Star Grain Company, Appellant, v. Ralph PLAMBECK, Appellee.

Court of Appeals of Iowa.

October 29, 1991.

Attorney(s) appearing for the Case

Chip Lowe of Adams, Howe & Zoss, P.C., Des Moines, for appellant.

J.E. Tobey III, Davenport, and C. Roger Fair and Robert C. Meyer of McFerren, Fair & Meyer, Davenport, for appellees.

Heard by OXBERGER, C.J., and DONIELSON and HABHAB, JJ.

HABHAB, Judge.

The facts giving rise to this litigation are largely undisputed. Star Grain had been an Iowa licensed grain dealer. It subsequently lost its license after its principal officers and owners were indicted by an Illinois federal grand jury for defrauding customers and defaulting on certain checks. The defendants (sellers of grain) are all farmers. They had, prior to July 1, 1988, entered into contracts for the future delivery of corn and beans. These contracts...

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