Corona Fruits & Veggies, Inc. v. Frozsun Foods, Inc.

Opinion

VEGAN, Acting P. J.

Shakespeare asked, “What’s in a name?” We supply an answer only for the Uniform Commercial Code lien priority statutes; Everything when the last name is true and nothing when the last name is false. When a creditor files a UCC-1 financing statement, the debtor’s true last name is crucial because the financing statements are indexed by last names. A subsequent creditor who loans money to a debtor with the same name is put on notice that its lien is secondary.

The trial court here found that Corona Fruits & Veggies, Inc. and Corona Marketing Company (appellants), failed…