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UNITED STATES v. HANDY AND HARMAN

No. 83-5697.

750 F.2d 777 (1984)

UNITED STATES of America, Plaintiff-Appellee, v. HANDY AND HARMAN, a New York corporation, Defendant-Appellant.

United States Court of Appeals, Ninth Circuit.

Decided December 28, 1984.

Attorney(s) appearing for the Case

George H. Wu., Asst. U.S. Atty., Los Angeles, Cal., for plaintiff-appellee.

Martin S. Zohn, Pacht, Ross, Warne, Bernhard & Sears, Inc., Los Angeles, Cal., for defendant-appellant.

Before BROWNING, Chief Judge, and GOODWIN and KENNEDY, Circuit Judges.

GOODWIN, Circuit Judge.

Handy & Harman appeals from a judgment for the United States for the value of certain metal that Handy & Harman had purchased and in which the Small Business Administration had a security interest perfected in one state but not in the state where collection was attempted.

In 1978, Coronado Trading Co., a New Mexico-based manufacturer of jewelry, borrowed $200,000 from Albuquerque National Bank. The loan was guaranteed by the...

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