The parties have submitted this case on an agreed statement of facts. In March of 1973, Allis-Chalmers Corporation filed a financing statement (UCC-1) designating Geodynamics, Inc., as the debtor, Allis-Chalmers Corporation as the secured party and Allis-Chalmers Credit Corporation as the assignee of the secured party. The UCC-1 covered "the debtor's inventory of new and used and rental machinery together with attachments and accessories...
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