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BORG-WARNER ACCEPTANCE CORP. v. C.I.T. CORP.

No. 07-83-0019-CV.

679 S.W.2d 140 (1984)

BORG-WARNER ACCEPTANCE CORPORATION, Appellant, v. C.I.T. CORPORATION, Appellee.

Court of Appeals of Texas, Amarillo.

Rehearing Denied October 19, 1984.

Attorney(s) appearing for the Case

Robert M. Warner, Dallas, for appellant.

Don C. Dennis, Lubbock, for appellee.

Before REYNOLDS, C.J., and COUNTISS and BOYD, JJ.

REYNOLDS, Chief Justice.

Borg-Warner Acceptance Corporation, the inventory financer, appeals from a summary judgment decreeing that C.I.T. Corporation, the retail financer, has a superior security interest in two International Harvester tractors originally acquired for sale by Lubbock Implement Company, Inc., the dealer. The judgment was rendered upon the motion of C.I.T., who instituted this cause of action for a declaratory judgment after Lubbock Implement filed...

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