From our private database of 30,900+ case briefs...
Border State Bank of Greenbush v. Bagley Livestock Exchange, Inc.
Minnesota Court of Appeals
690 N.W. 2d 326 (2004)
Bert Johnson, owner of Johnson Farms, entered a cattle-sharing arrangement with Hal Anderson. Anderson was to maintain and breed the cattle, though the cattle was still “owned by Johnson Farms and any offspring [was] to be sold under Johnson Farms’ name.” Johnson was to get a “guaranteed” percentage of all calves. A few years later, the parties modified the agreement to increase the number of cows and have Johnson provide beet tailings for feed. Anderson also contended that the parties agreed to do away with Johnson’s “guarantee” and have Johnson provide all feed, but Johnson disputed this. Border State Bank (Border) (plaintiff) loaned Anderson $155,528, and Anderson gave Border a security interest in all “rights, title and interest” in “livestock” that he owned or later acquired. Johnson reclaimed the cattle, but Anderson kept the calves to sell. Bagley Livestock Exchange (Bagley) (defendant) sold the calves. Bagley paid Johnson, who paid Anderson a remainder, less money allegedly advanced for feed. Border sued Bagley for conversion of its perfected security interest in the calves. Johnson filed a third-party complain against Anderson seeking indemnity, and Anderson countersued for breach of contract. The district court directed a verdict in favor of Bagley on the ground that Anderson did not have an “ownership interest” in the calves and could not give Border a security interest. Border appealed to the Minnesota Court of Appeals.
Rule of Law
Holding and Reasoning (Lansing, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 553,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.Unlock this case briefRead our student testimonials
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.Learn about our approachRead more about Quimbee
Here's why 553,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 30,900 briefs, keyed to 984 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.