February 7, 1979.
LITTLEJOHN, Justice:
The court below, and here, is called upon to determine which of two innocent corporations must bear a loss growing out of a deception by third parties.
The facts are not in dispute. The defendant Transouth Financial Corporation (Floor-planner) is engaged in the business of lending money to retail mobile home dealers and taking floor-plan agreements covering inventory, owned and/or afterwards acquired, as security...
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