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MEYER v. NORWEST BANK IOWA, NAT. ASS'N

Nos. 96-2346, 96-2414.

112 F.3d 946 (1997)

Dale MEYER, doing business as Wagner Livestock Sales Company, Cross Appellant/Appellee, v. NORWEST BANK IOWA, NATIONAL ASSOCIATION, Appellant/Cross Appellee.

United States Court of Appeals, Eighth Circuit.

Decided April 30, 1997.

Rehearing and Suggestion for Rehearing Denied May 30, 1997.

Attorney(s) appearing for the Case

Thomas Bennin, Minneapolis, Minnesota, argued (Tamara A. Wilka and Gary J. Pashby, on the brief), for appellant.

David L. Reinschmidt (argued), Sioux City, Iowa, for appellee.

Before WOLLMAN and MURPHY, Circuit Judges, and GOLDBERG, Judge.

Rehearing and Suggestion for Rehearing En Banc Denied May 30, 1997.*

MURPHY, Circuit Judge.

This case involves a dispute between a livestock sales barn and a bank arising out of two dishonored checks. The sales barn, Wagner Livestock Sales Company (WLS), sold cattle to a feedlot, D & R Feedlots, which paid with two checks. The feedlot's bank and secured creditor, Norwest Bank Iowa, did not honor the checks because it had closed...

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