In the Matter of Yale Express System, Inc., Debtor. Fruehauf Corporation v. Yale Express System, Inc.

IRVING R. KAUFMAN, Circuit Judge:

When we reversed the District Judge’s prior ruling on Fruehauf Corporation’s [Fruehauf] application for reclamation, 1 we did so because we believed too much reliance had been placed, on In re Lake’s Laundry, 79 F.2d 326 (2d Cir. 1933). We expressed the view that the ratio decidendi of that case had been undermined by the adoption in virtually every state of the Uniform Commercial Code which was “well on its way to becoming a truly national law of commerce” United States v. Wegematic Corp., 360 F.2d 674, 676 (2d Cir. 1966). Accordingly, we remanded so that…