Mammoth Cave Production Credit Association v. Gross
By Arizona Court of Appeals
- Release Date: 1984-06-29
- Genre: Law
Mammoth Cave Production Credit Association v. Gross Arizona Court of Appeals Book Review Score: ★★★★★ 5/5 stars
Charles Ray and his former wife Edna owned a residence and service station in Safford, Arizona. They moved to Kentucky and bought a farm from the Grosses. The balance of the purchase price was secured by a note and deed of trust in favor of the Grosses. In order to stock the farm with cattle, the Rays borrowed money from Mammoth Cave Production Credit Association (PCA). The loan was evidenced by a promissory note and secured by a second mortgage on the farm and chattel mortgage on the cattle.
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