ERNEST F. LOEWER, JR. FARMS, INC. v. NATIONAL BANK

No. 93-808.

870 S.W.2d 726 (1994)

316 Ark. 54

ERNEST F. LOEWER, JR. FARMS, INC., Appellant, v. NATIONAL BANK OF ARKANSAS, Appellee.

Supreme Court of Arkansas.

February 21, 1994.


Attorney(s) appearing for the Case

Richard E. Worsham, Cheryl Fisher Anderson, Robert J. Brown, Little Rock, for appellant.

Charles Darwin Davidson, Melanie L. Weaver, Little Rock, for appellee.


GLAZE, Justice.

On July 31, 1983, Continental Capital Corporation (CCC) executed a promissory note to National Bank of Arkansas (NBA) in the amount of $150,000. On the same day the appellant, Ernest F. Loewer, Jr. Farms, Inc. (Loewer), executed an Assignment of Savings Account/Certificate of Deposit # 50727 to NBA, assigning $100,000.00 of Loewer's $106,179.73 CD to NBA as collateral for the CCC note.1 A Separate Collateral Agreement pledging...

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