FORD MOTOR CREDIT CO. v. SOLWAY

No. 86-2995.

825 F.2d 1213 (1987)

FORD MOTOR CREDIT COMPANY, Plaintiff-Appellee, v. James P. SOLWAY, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided August 11, 1987.

Rehearing and Rehearing Denied October 9, 1987.


Attorney(s) appearing for the Case

Fred Mattelin, Siemon, Larson, Mattlin & Purdy, Boca Raton, Fla., for defendant-appellant.

Aaron J. Kramer, Schiff Hardin & Waite, Chicago, Ill., for plaintiff-appellee.

Before POSNER and COFFEY, Circuit Judges, and ESCHBACH, Senior Circuit Judge.


Rehearing and Rehearing En Banc Denied October 9, 1987.

ESCHBACH, Senior Circuit Judge.

The appeal in this diversity case concerns issues of Illinois law relating to the sale of collateral by a secured party. Ill.Rev.Stat., Ch. 26, par. 9-504(3). Ford Motor Credit Company took possession of the inventory of a retail automobile dealership that was in default under a secured financing agreement. The inventory was sold at wholesale auctions to other dealers....

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