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ALLIS-CHALMERS CRED. CORP. v. CHENEY INVESTMENT, INC.

No. 49,924

227 Kan. 4 (1980)

605 P.2d 525

ALLIS-CHALMERS CREDIT CORPORATION, Appellant, v. CHENEY INVESTMENT, INC., Appellee.

Supreme Court of Kansas.

Opinion filed January 19, 1980.

Attorney(s) appearing for the Case

Larry B. Spikes, of Martin, Pringle, Schell, and Fair, of Wichita, argued the cause and was on the brief for the appellant.

Keith D. Richey, of Rumsey and Richey, of Wichita, argued the cause and was on the brief for the appellee.

The opinion of the court was delivered by

PRAGER, J.:

This is a dispute between two secured creditors over the priority of their security interests in an Allis-Chalmers combine. The facts in the case are undisputed and are covered generally by a stipulation of fact filed by the parties in district court. The factual circumstances giving rise to the controversy are set out in chronological order as follows: On November 16, 1970, Lloyd Catlin executed a retail...

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