Charles J. Sanders v. M. D. Aircraft Sales, Inc. And General Electric Credit Corporation

OPINION OF THE COURT

GIBBONS, Circuit Judge.

This case involves a dispute over title to an airplane. The appellant, Charles J. Sanders, purchased the airplane in the ordinary course of business from M. D. Aircraft Sales, Inc. (Aircraft Sales), a dealer in aircraft. The appellee, General Electric Credit Corp. (GECC), is a finance company which lent money to Aircraft Sales on the security of inventory. On cross-motions for summary judgment, the district court awarded title to GECC. We agree with the district court and the parties that the facts are not in dispute, but we reverse with directions…