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RAYFIELD INV. CO. v. KREPS

No. 4D09-652.

35 So.3d 63 (2010)

RAYFIELD INVESTMENT COMPANY, Appellant, v. Howard KREPS, Appellee.

District Court of Appeal of Florida, Fourth District.

Rehearing Denied June 15, 2010.

Attorney(s) appearing for the Case

James K. Green of James K. Green, P.A., West Palm Beach, for appellant.

Howard Kreps, Miami, appellee.

FARMER, J.

Opposing creditors clash over security interests in a painting found in the inventory of a failed art gallery. One creditor is its operating capital lender claiming a perfected security interest in all its inventory. The other is a consignor who placed a painting with the gallery for sale but without perfecting his interest in the consigned goods. Concluding that the governing statutes for security interests give the priority to the lender, we reverse the...

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