INTER MOUNTAIN ASS'N OF CREDIT MEN v. VILLAGER, INC.

No. 13377.

527 P.2d 664 (1974)

INTER MOUNTAIN ASSOCIATION OF CREDIT MEN, a Utah corporation, Plaintiff and Appellant, v. The VILLAGER, INC., a Delaware corporation, and Villager Industries, Inc., a corporation, Defendants and Respondents.

Supreme Court of Utah.

October 15, 1974.


Attorney(s) appearing for the Case

Herschel J. Saperstein, Moyle & Draper, Salt Lake City, for plaintiff and appellant.

Ralph J. Marsh, Backman, Backman & Clark, Salt Lake City, for defendants and respondents.


CALLISTER, Chief Justice:

Plaintiff, an assignee for the benefit of creditors, initiated this action for a determination of the respective rights in proceeds of certain inventory with defendant. Plaintiff pleaded that the trial court declare null and void certain security agreements wherein defendant was the secured party and further determine that defendant did not have a security interest in the inventory or the proceeds from the sale thereof, liquidated by plaintiff...

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