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Commercial Law Keyed to Lopucki
The Grocers Supply Co. v. Intercity Investment Properties, Inc
Facts
On February 2, 1989 Appellant perfected a security interest to secure its inventory financing of The Grocery Store, Inc. and Cedric Wise. On March 6, 1989 Respondent obtained a judgment in the county court against The Grocery Store Inc. and Cedric Wise. The county court issued a turnover order. Respondent knew of the prior recorded security interest of Appellant but did not contact Appellant before taking possession of the inventory of groceries, equipment and other items described in the inventory to the writ of execution. Appellant then brought suit to determine its rights in the property.
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