CONSOLIDATED EQUIP. SALES v. FIRST BANK, ETC.

No. 52449.

627 P.2d 432 (1981)

CONSOLIDATED EQUIPMENT SALES, INC., Appellant, v. FIRST STATE BANK & TRUST COMPANY OF GUTHRIE, Oklahoma, Appellee.

Supreme Court of Oklahoma.

March 24, 1981.


Attorney(s) appearing for the Case

Rheam, Noss & Evens, David L. Noss and Larry Evans, Tulsa, for appellant.

Williams & Hirzel by Thomas R. Williams, Guthrie, for appellee.


DOOLIN, Justice:

This case asks us to interpret the Uniform Commercial Code to allocate rights in collateral among a Bank, a Paving Contractor and an Equipment Sales Company.

I — Facts

J. Ted McBride, an asphalt and paving contractor (McBride), acquired an Allis-Chalmers 645 wheel loader from Consolidated Equipment Sales, Inc. (Consolidated), in November 1973. Both executed a sales contract and...

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