First National Bank & Trust Co. v. Olivetti Corp. of America

Pannell, Judge.

On April 22, 1971, one James A. Firth (d/b/a National Photo Copy Equipment Company) signed a financing statement which was recorded in the office of the clerk of the Superior Court of Bibb County. The financing statement gave notice to creditors of a purported security interest held by Olivetti Corporation for all equipment heretofore and hereafter entrusted to Firth by Olivetti. On April 17,1972, Mr. Firth signed a security agreement with appellant giving a security interest in all inventory, equipment, furniture and fixtures. This security agreement was perfected by proper…