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MATTER OF HAMMONS

No. 77-3372.

614 F.2d 399 (1980)

In the Matter of Rex L. HAMMONS et al., Bankrupts. BORG-WARNER ACCEPTANCE CORPORATION, Appellant, v. FEDDERS FINANCIAL CORPORATION, Appellee.

United States Court of Appeals, Fifth Circuit.

March 24, 1980.

Attorney(s) appearing for the Case

Pat H. Scanlon, Jackson, Miss., for appellant.

Billups S. Allen, Alex Alston, Jr., Jackson, Miss., for appellee.

Before CHARLES CLARK, RONEY, and HENDERSON, Circuit Judges.

CHARLES CLARK, Circuit Judge:

Borg-Warner Acceptance Corporation [Borg-Warner] appeals from the decision of the district court that its security interest in the inventory of Shady Grove TV & Appliance was inferior to that claimed by Fedders Financial Corporation [Fedders]. While acknowledging that it did not file a financing statement perfecting its security interest prior to the filing made by Fedders, Borg-Warner contends that its perfected security interest...

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