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MERSHON v. BEASLEY

Nos. 92-2866, 92-2958.

994 F.2d 449 (1993)

Clark MERSHON, Gary Mershon, and Paul Mershon, Appellees, v. William R. BEASLEY, Individually, and Missouri Farmers Association, Inc., Appellants. Clark MERSHON, Gary Mershon, and Paul Mershon, Appellants, v. Brian GRIFFITH, Individually, and Missouri Farmers Association, Inc., Appellees.

United States Court of Appeals, Eighth Circuit.

Decided May 26, 1993.

Attorney(s) appearing for the Case

Bernard Rhodes, Kansas City, MO (R. Kent Sellers and Michael J. Abrams, on the brief), for appellants.

Gwen G. Caranchini, Kansas City, MO, for appellees.

Before BOWMAN, Circuit Judge, FLOYD R. GIBSON, Senior Circuit Judge, and MORRIS SHEPPARD ARNOLD, Circuit Judge.

MORRIS SHEPPARD ARNOLD, Circuit Judge.

Between 1983 and 1987, brothers Clark, Paul, and Gary Mershon farmed as a partnership in Bates County, Missouri. During that time, they borrowed money through a line of credit with the Missouri Farmers Association (MFA). The loan was secured by a lien on the crops to be harvested by the Mershons. In mid-1987, after learning that the Mershons had deposited directly into their personal bank account a check from a buyer of some...

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