Leasing Service Corp. v. Hobbs Equipment Co.
Court of Appeals for the Eleventh Circuit
1Opinion of the Court
JOHNSON, Circuit Judge:
This case arises on appeal from (1) the district court's grant of summary judgment to the plaintiff Leasing Services Corporation ("LSC") against the defendant Hobbs Equipment Co. ("Hobbs") and the third-party defendant Colonial Bank ("the Bank") and (2) the district court's grant of summary judgment to Hobbs on its third-party complaint against the Bank. 707 F.Supp. 1276.
I. FACTS
A. Background
This case concerns the priority of two competing financing statements under Alabama law. On July 8, 1980, Chatham Machinery, Inc. ("Chatham") leased two cranes to River City…
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