Columbia International Corp. v. Kempler

On this appeal three issues are presented:

1. Was the nature of the transaction between Columbia and Kramer such as to give Columbia an unperfected security interest in the machines in Kramer’s possession?

2. Was this unperfected security interest in the machines subordinate to the receiver’s interest in said machines?

3. Did Kepeo, when it purchased the receiver’s interest with actual knowledge of Columbia’s unperfected security interest, thereby subordinate its interest to Columbia’s unperfected security interest?

Nature of Transaction Between Columbia and Kramer.

The trial court, relying on the…