(DOWNLOAD) "State Alaska v. Julian and Roberta Fowler" by Supreme Court of Alaska ~ Book PDF Kindle ePub Free
eBook details
- Title: State Alaska v. Julian and Roberta Fowler
- Author : Supreme Court of Alaska
- Release Date : January 09, 1980
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 103 KB
Description
MATTHEWS, Justice. OPINION. This appeal of a grant of summary judgment involves conflicting security interests in farm equipment
and livestock. Julian and Roberta Fowler, the appellees here, retook possession of the equipment and livestock pursuant to
the terms of a conditional sales agreement with Raymond and Helen Pedrick. The Alaska Division of Agriculture claims that
it is entitled to possession of these items under its perfected security agreement with the Pedricks, who have been adJudged
bankrupt. In 1975 the Fowlers wished to sell their dairy farm near Fairbanks, and the Pedricks wished to buy it. After negotiations
in which a representative of the state's Agricultural Revolving Loan Fund (ARLF) took part, the Fowlers, on May 1, 1975, entered
into two agreements with the Pedricks: a five-year lease agreement on the farm and a conditional sales agreement on a list
of farm equipment and livestock attached to the document. The sales agreement called for sixty monthly payments, and provided
that "should a delinquency of 90 days or more exist, the total amount due becomes due immediately or the return of all items
listed or their replacements." Within a week of the May 1 sale date, Julian Fowler delivered copies of the agreements to Doug
Jacobson, the loan administrator for the ARLF. The Fowlers never filed a statement of their security agreement in a public
recording office. 1
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