Legal Opinion
Rayfield Investment Co. v. Kreps
District Court of Appeal of Florida
Decided May 5, 2010No. 4D09-652PublishedCited by 3 opinions
1Opinion of the CourtFarmer, J.
Opposing creditors clash over security interests in a painting found in the inventory of a failed art gallery. One creditor is its operating capital lender claiming a perfected security interest in all its inventory. The other is a consignor who placed a painting with the gallery for sale but without perfecting his interest in the consigned goods. Concluding that the governing statutes for security interests give the priority to the lender, we reverse the judgment awarding the painting to the consign- or.
Lender made a series of loans totaling $300,000 over a three-year period to a New York…
2Cases cited6 opinions
- In Re Valley Media, Inc.United States Bankruptcy Court, D. Delaware · 2002
- Quaker City Iron Works, Inc. v. Ganz (In Re Wicaco MacHine Corp.)District Court, E.D. Pennsylvania · 1984
- ITT Commercial Finance Corp. v. Unlimited Automotive, Inc.District Court, N.D. Illinois · 1994
- Heller Financial, Inc. v. Samuel Schick, Inc. (In Re Wedlo Holdings, Inc.)United States Bankruptcy Court, N.D. Illinois · 2000
- Furr v. Corvette Experience, Inc. (In Re Corvette Collection of Boston, Inc.)United States Bankruptcy Court, S.D. Florida. · 2003
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3Cited by3 opinions
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