Nationscredit Commercial Corp. v. Grauel Enterprises, Inc.
Indiana Court of Appeals
1Opinion of the Court
OPINION
NAJAM, Judge.
STATEMENT OF THE CASE
This appeal arises from a dispute between NationsCredit Commercial Corporation (“NationsCredit”), 1 a commercial lender, and Grauel Enterprises, Inc. (“Grauel”), its borrower, concerning ownership of prompt-payment discounts accumulated in a “Reserve Account” maintained by NationsCredit under a financing and security agreement. Grauel filed a declaratory judgment action seeking a determination that it owned the discounts. NationsCredit unsuccessfully moved for summary judgment. Following a bench trial, the court found in favor of Grauel. NationsCre-dit…
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- Bethlehem Steel Corp. v. MATX, Inc.Superior Court of Pennsylvania · 1997
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