Legal Opinion
Mogul Enterprises, Inc. v. Commercial Credit Business Loans, Inc.
New Mexico Supreme Court
Decided October 27, 1978No. 11841PublishedCited by 8 opinions
1Opinion of the Court
OPINION
McMANUS, Chief Justice.
Commercial Credit Business Loans, Inc. (Commercial Credit) filed a complaint seeking replevin against A-1 Industries, Inc. (A-1). The complaint alleged that A-1 and Jerry Powers, president of A-1, entered into two contracts with Commercial Credit secured by A-1’s inventory and accounts receivable. Mogul Enterprises, Inc. (Mogul) filed a motion to intervene alleging that Mogul had a prior interest in the same property. Commercial Credit moved for summary judgment alleging that its security interest took precedence over Mogul’s. The trial court granted partial…
2Cases cited2 opinions
- In the Matter of Beverly L. Fuqua, Bankrupt. Arthur G. Johnson, Trustee v. First National Bank of Howard, Claimant-AppellantCourt of Appeals for the First Circuit · 1972
- In the Matter of Lowell Louis Lehner, Bankrupt No. 67-B-3931. Household Finance Corporation v. Dolores B. Kopel, Trustee in BankruptcyCourt of Appeals for the Tenth Circuit · 1970
3Cited by8 opinions
- AmSouth Bank, N.A. v. ORIX Credit Alliance, Inc. (In Re Delta Resources, Inc.)United States Bankruptcy Court, N.D. Alabama · 1993
- Valley Federal Savings Bank v. StahlNew Mexico Supreme Court · 1990
- Gulf Forge Co. v. Ellwood Quality Steels Co.District Court, S.D. Texas · 1996
- Healthcorp, Inc. v. Southeastern Emergency Healthcare, P.C. (In Re Southeastern Emergency Healthcare, P.C.)United States Bankruptcy Court, N.D. Georgia · 1988
- Lloyds Credit Corp. v. McClain Heller Ins., Inc.New Jersey Superior Court Appellate Division · 1992
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