Appliance Buyers Credit Corporation v. Prospect National Bank of Peoria, and Third Party and Federal Reserve Bank of Chicago, Third Party

COFFEY, Circuit Judge.

This is an appeal from the district court’s dismissal of the plaintiff’s claim under section 4-212 of the Uniform Commercial Code on the grounds that the plaintiff failed to establish its damages. Affirmed.

The Appliance Buyers Credit Corporation, a Delaware corporation with its principal place of business in Michigan, is a finance company that provides wholesale “floor-plan financing” to appliance dealers.1 The corporation makes monthly inspections of participating dealers’ inventory to determine whether the dealers are current in their finance payments to Appliance…