Goodyear Tire & Rubber Co. v. Staley

OWENS, District Judge:

This appeal from the bankruptcy court’s denial of Goodyear Tire & Rubber Company’s claimed security interest in certain of the Chapter XIII wage earner’s property involves only a legal question concerning the perfection of purchase-money security interests in consumer goods.

On March 8, 1975, the debtor purchased on credit a stereo, extended warranty contract, and credit life insurance from Goodyear. In the credit agreement, the debtor granted Goodyear a security interest as follows:

“I hereby grant to Goodyear a security interest in each item of merchandise purchased or…