Ford Motor Credit Co. v. Motors

OPINION

HENRY, Justice.

This is an action for the conversion of an automobile wherein the sole issue is whether a lien perfected by a security agreement in the State of Arkansas is superior to the title of a bona fide purchaser for value without notice of the prior lien.

We respond in the affirmative and reverse a contrary ruling by the Trial Judge.

*120I.

On 30 April 1971, Martin E. Freedman purchased, in the State of Arkansas, a 1971 Mustang automobile, on a retail installment contract with purchase money security interest retained. This contract was assigned by the seller to Ford Motor Credit…