Laurel Explosives, Inc. v. First National Bank & Trust Co. of Corbin

GUDGEL, Judge:

This is an appeal from a summary judgment granted by the Knox Circuit Court in an action involving the priority of security interests in a certain tractor. The sole issue on appeal is whether appellant’s one-digit error in listing the serial number of certain secured collateral had the effect of invalidating its security interest in the collateral. We hold that it did not. Hence, we reverse and remand.

In August 1988 appellant Laurel Explosives, Inc. (Laurel) filed an action against H & P Coal Company (H & P) seeking to recover on a debt which was secured by a certain Caterpillar…