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BROWN & WILLIAMSON T. CORP. v. FIRST NAT. BK. OF BLUE ISLAND

No. 73-1804.

504 F.2d 998 (1974)

BROWN & WILLIAMSON TOBACCO CORP., Plaintiff-Appellee, v. FIRST NATIONAL BANK OF BLUE ISLAND, a national banking association, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided October 21, 1974.

Attorney(s) appearing for the Case

Gerald F. Munitz, Gerald D. Skoning, Chicago, Ill., for defendant-appellant.

Watson B. Tucker, Kenneth M. Stern, Chicago, Ill., for plaintiff-appellee.

Before CLARK, FAIRCHILD, and PELL, Circuit Judges.

CLARK, Associate Justice.

This appeal, involving Sections 9-205 and 9-306(2) of the Uniform Commercial Code,1 arises from a judgment entered in favor of appellee, Brown and Williamson Tobacco Corporation (B & W), for $70,724 and against appellant, First National Bank of Blue Island (Blue Island). We outline the facts here.

F. W. Koenecke & Sons, Inc. (Koenecke, Inc.), a tobacco wholesaler, was

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