Commercial Credit Equipment Corp. v. Carter

The sole issue raised by this appeal is whether the airplane purchased by defendant from plaintiff’s assignor and secured by a contemporaneously executed security agreement constitutes “consumer goods” within the meaning of RCW 62A.9-501, 1 so that defendant (the defaulting debtor) is not liable for any deficiency after plaintiff (the secured party) has disposed of the airplane pursuant to RCW 62A.9-504. 2

The defendant husband purchased an airplane from the plaintiff’s assignor. The purchase price was $23,955, with the balance, after application of a downpayment, being secured by a…