FRANK DAVIS BUICK AMC-JEEP, INC. v. FIRST ALABAMA BANK HUNTSVILLE, N.A.

Civ. 3360.

423 So.2d 855 (1982)

FRANK DAVIS BUICK AMC-JEEP, INC. v. FIRST ALABAMA BANK OF HUNTSVILLE, N.A.

Court of Civil Appeals of Alabama.

Rehearing Denied December 8, 1982.


Attorney(s) appearing for the Case

H. Harold Stephens of Lanier, Shaver & Herring, Huntsville, for appellant.

Paul A. Pate of Watts, Salmon, Roberts, Manning & Noojin, Huntsville, for appellee.


BRADLEY, Judge.

This is an appeal from a summary judgment. The action arose out of a secured transaction.

On February 24, 1981 First National Bank of Huntsville, N.A., entered into a security agreement with Schrader AMCJeep, Inc., also of Huntsville. In this agreement the bank was granted a security interest in all the automobile dealer's present and after acquired inventory of new and used automobiles, demonstrators, spare parts, and supplies. Schrader and...

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