General Motors Acceptance Corp. v. Fairway Dodge Sales, Inc.

Order unanimously modified and, as modified, affirmed, with costs to third-party plaintiff against third-party defendants, and matter remitted to Su-' preme Court, Erie County, for further proceedings, in accordance with the following memorandum: Plaintiff, the holder of a perfected security interest in a 1972 Chevrolet Vega automobile which existed by virtue of a retail installment sales contract between John Murphy and Dan Creed Chevrolet, Inc., was properly granted summary judgment in its conversion action against defendant to whom the Vega was traded as a down payment on a new 1975 Dodge…