Bakee Production Credit Ass'n v. Long Creek Meat Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that, after slaughtering, cattle were no longer “farm products” but inventory
• allowing creditor with security interest in farm products to recover proceeds from sale of products from third-party transferees
• authorization to sell on condition buyer’s drafts drawn on defendant bank were honored and paid
• conditional consent for sale existed, but the condition was not met and the security interest continued
• “Where, as here, the secured party has every reason to believe that its security interest will be recognized ... there is no reason to hold that the security interest has been extinguished.”

Source: CourtListener parenthetical corpus (CC0).