JOHN R. BROWN, Chief Judge:
This appeal presents a flood of interesting questions. The most intriguing issue is whether the Uniform Commercial Code, construed in light of the policies underlying the Bankruptcy Act, permits the use of "floating secured parties" in secured transactions. Under the bizarre facts of this case, we hold that it does not and reverse.
Diving Into The UCC Sea
On April 3, 1971, E. A. Fretz Co., Inc. (Fretz), a Texas...
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