Retha D. Frierson v. United Farm Agency, Inc., the Merchants Bank, Intervenor Below. Retha D. Frierson v. United Farm Agency, Inc., the Merchants Bank

How courts have described this case

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

• by failing to promptly take action to collect accounts pledged as collateral, secured creditor constructively waived its security interest
• “[A] bank cannot … defeat a garnishment on the ground that the depositor owes the bank money on a note not yet due.”
• a secured creditor cannot frustrate enforcement proceedings by a judgment creditor against a debtor where the secured party has neither declared its loan in default nor instituted execution of its affirmative remedies such as acceleration of the loan

Source: CourtListener parenthetical corpus (CC0).