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FRANKLIN NAT. INVESTMENT CORP. v. AMER. SWISS PARTS CO.

Docket No. 12822.

42 Mich. App. 211 (1972)

201 N.W.2d 673

FRANKLIN NATIONAL INVESTMENT CORPORATION v. AMERICAN SWISS PARTS COMPANY.

Michigan Court of Appeals.

Decided July 26, 1972.

Attorney(s) appearing for the Case

Gerald J. McClear, for plaintiff.

Shanahan & Scheid, for intervening defendant.

Before: J.H. GILLIS, P.J., and T.M. BURNS and TARGONSKI, JJ.

Leave to appeal denied, 388 Mich. 782.

T.M. BURNS, J.

Plaintiff sold defendant American Swiss Parts Company two screw machines in exchange for a promissory note for $15,000. The note was secured by a security agreement on the two machines dated November 14, 1968. The security agreement was filed in the Register of Deeds office for the County of Shiawassee on November 21, 1968. When defendant defaulted in payment...

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