Aetna Finance Co. v. Hendrickson

HOFFMAN, Judge.

Aetna Finance Company, d/b/a Thorp Credit, Inc. of Indiana (Thorp) is appealing a negative judgment rendered in favor of Sperry New Holland, a division of the Sperry Corporation (Sperry). The trial court reached its decision after a trial without a jury and the court determined that Sperry's security interest in certain equipment had priority over Thorp's security interest in the same equipment. Although the case was decided on stipulated facts, a fairly complete factual recitation is necessary to understand the issues presented.

This appeal stems from the activities of John…