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NATIONSCREDIT COMMERCIAL CORP. v. GRAUEL ENT., INC.

No. 79A04-9712-CV-516.

703 N.E.2d 1072 (1998)

NATIONSCREDIT COMMERCIAL CORPORATION, Appellant-Defendant, v. GRAUEL ENTERPRISES, INC., Appellee-Plaintiff.

Court of Appeals of Indiana.

December 14, 1998.

Attorney(s) appearing for the Case

Michael J. Lewinski, Michael A. Swift, Ice Miller Donadio & Ryan, Indianapolis, Randall Lee Vonderheide, Vonderheide & Knecht, Lafayette, for Appellant-Defendant.

Roger Wm. Bennett, Christine A. Desanctis, Bennett, Boehning & Clary, Lafayette, for Appellee-Plaintiff.

OPINION

NAJAM, Judge.

STATEMENT OF THE CASE

This appeal arises from a dispute between NationsCredit Commercial Corporation ("NationsCredit"),1 a commercial lender, and Grauel Enterprises, Inc. ("Grauel"), its borrower, concerning ownership of prompt-payment discounts accumulated in a "Reserve Account" maintained by NationsCredit under a financing and security agreement...

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