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KNIERIM v. FIRST STATE BANK

No. 91-402.

488 N.W.2d 454 (1992)

Joan KNIERIM, Appellant, v. FIRST STATE BANK, Appellee.

Court of Appeals of Iowa.

April 28, 1992.

Attorney(s) appearing for the Case

Michael P. Mallaney and Thomas T. Tarbox of Smith, Schneider, Stiles, Mumford, Schrage, Zurek, Wimer & Hudson, P.C., Des Moines, for appellant.

Benjamin C. Clayton and Jeffrey K. Rosencrants of Diehl, Clayton, Cleverley & Rosencrants, Newton, for appellee.

Heard by DONIELSON, P.J., and HAYDEN and SACKETT, JJ.

DONIELSON, Presiding Judge.

In 1968 Joan Knierim and her brother, Leonard DeVries, entered into a partnership to operate a farm. Leonard performed the farm work, and Joan contributed financially. During the 1980s, both Leonard and the partnership encountered severe financial difficulties and defaulted on loans. In 1985 one of the partnership's secured creditors, the First State Bank of Lynnville (the bank), seized and sold various items of collateral (crops and livestock...

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