Sterling v. Capital Financial Services, Inc.

STATON, Presiding Judge.

Leslic Sterling appeals from a judgment awarding Capital Financial Services (Capi*606tal), a Michigan-based company, a priority lien in a tractor owned by Virgil and De-loise Christener (Christeners). There are two issues on appeal:

1. Whether Capital adequately protected its security interest from fraud; and

2. Whether Sterling's security interest was perfected prior to Capital's taking possession of the tractor.

Reversed and remanded.

This case was tried before the court on stipulated facts. The Christeners executed a promissory note with the Summerfield Truck Company,…