LASSBERG & CO. v. ATLANTIC COTTON CO., INC.

0851

291 S.C. 161 (1986)

352 S.E.2d 501

A. LASSBERG & CO., Respondent v. ATLANTIC COTTON COMPANY, INC., Caracot Enterprises, Inc., H.D. Mahaffey, Sr., Individually, Moultrie Cotton Company, and Pecot, Ltd., of whom Pecot, Ltd. is Appellant.

Court of Appeals of South Carolina.

Decided December 29, 1986.


Attorney(s) appearing for the Case

Wendell G. Cantrell, Spartanburg, for appellant.

Robert A. Shelor, Jr., Spartanburg, for respondent.


Heard November 10, 1986.

Decided December 29, 1986.

CURETON, Judge:

In this action the parties stipulated before the trial court that the only issue before the court was that of "priority" between A. Lassberg & Co.'s (Lassberg) "perfected security interest"1 and Pecot, Ltd.'s (Pecot) "possessory interest" in certain bales of cotton represented by negotiable warehouse receipts. Pecot appeals from an order holding that...

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