Legal Opinion
First State Bank in Talihina v. United Dollar Stores
Supreme Court of Oklahoma
Decided November 8, 1977No. 49666PublishedCited by 13 opinions
1Opinion of the Court
HODGES, Chief Justice.
This appeal involves the question of competing priorities between secured parties holding a security interest in the same inventory.
Janetta Rice and Max Westen, then husband and wife, purchased a United Dollar Store from the existing owner-operator. To finance the purchase, they arranged for a $20,000 loan from the First State Bank of Talihina, Oklahoma, appellee (Bank). They executed a note and security agreement covering all inventory, stock, furniture, fixtures and equipment located in the United Dollar Store in Talihina, Oklahoma, September 28, 1973. A financing…
2Cases cited10 opinions
- Meadows v. BierschwaleTexas Supreme Court · 1974
- Uniroyal, Inc. v. Universal Tire & Auto Supply Co., D/B/A Universal Tire Co.Court of Appeals for the First Circuit · 1977
- Sequoia MacHinery Inc., a Corporation, and Kaweah Company, a Corporation v. J. Roderick Jarrett, Trustee of the Estate of James C. Clark, BankruptCourt of Appeals for the Ninth Circuit · 1969
- In Re Komfo Products CorporationDistrict Court, E.D. Pennsylvania · 1965
- United States v. Ed Lusk Construction Company, Inc.Court of Appeals for the Tenth Circuit · 1974
5 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Security National Bank & Trust Co. of Norman v. Dentsply Professional PlanSupreme Court of Oklahoma · 1980
- Gp Credit Co., LLC v. Orlando Residence, Ltd.Court of Appeals for the Seventh Circuit · 2003
- Affiliated Food Stores, Inc. v. Farmers & Merchants BankSupreme Court of Arkansas · 1989
- First National Bank of Bethany, a National Banking Association v. American General Fire and Casualty Company, a Texas Insurance CorporationCourt of Appeals for the First Circuit · 1991
- In Re HembreeSupreme Court of Oklahoma · 1981
8 more not listed; retrieve them via the Exa API.