ITT COM. FINANCE CORP. v. UNION BANK & TRUST CO.

No. 16A04-8711-CV-357.

528 N.E.2d 1149 (1988)

ITT COMMERCIAL FINANCE CORP., Appellant (Plaintiff below), v. UNION BANK & TRUST Company of North Vernon, Indiana, Appellee (Defendant below).

Court of Appeals of Indiana, Fourth District.

October 4, 1988.


Attorney(s) appearing for the Case

Christopher E. Baker, Rubin & Levin, Indianapolis, for appellant.

Corinne R. Finnerty, McConnell, Finnerty & Roche, North Vernon, for appellee.


CONOVER, Presiding Judge.

Plaintiff-Appellant ITT Commercial Financial Corp. (ITT) appeals an order denying its motion for summary judgment and granting summary judgment in favor of Defendant-Appellee Union Bank & Trust Company (Bank) in this priority of liens case.

We reverse.

At issue here is whether the Bank had a perfected priority purchase money security interest in a debtor's inventory.

ITT brought an action in replevin and for damages...

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