CORBIN, Chief Judge.
The facts of this case are largely undisputed. Appellant commenced this action against the appellee to replevy a soft drink machine. Appellant had delivered the soft drink machine to Chet Bonar for use at his driving range. Appellant and Bonar executed a document, which recited that the arrangement by which the machine was placed at Bonar's business was a "loan" of the machine. No security agreement or financing statement was executed or placed...
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