Milwaukee MacK Sales, Inc. v. First Wisconsin National Bank of Milwaukee

The plaintiff, Milwaukee Mack Sales, Inc., commenced an action against the defendant, First Wisconsin National Bank of Milwaukee, asserting the priority of its security interest over the claim of First Wisconsin in the proceeds from the sale of a truck which had been owned by B. F. Leasing, Inc., which was indebted to both the plaintiff and the defendant. Based on the exhibits of record and the stipulation of facts entered into by counsel, the trial court granted the Bank’s motion for summary judgment after concluding that the Bank was entitled to all of the proceeds from the sale of a 1976…