South Shore Bank v. Tony Mat, Inc. And H & H Aircraft Sales Inc. Appeal of Tony Mat, Inc

OPINION OF THE COURT

Tony Mat, Inc. (“Tony Mat”) appeals from an order of the United States District Court for the Middle District of Pennsylvania granting summary judgment in favor of appellee South Shore Bank (“South Shore”). Tony Mat is a buyer who paid full price upon delivery of an airplane but who did not record its title with the Federal Aviation Administration (“FAA”) until after the institution of this lawsuit. After the sale to Tony Mat, South Shore acquired a security interest in the same plane which it recorded immediately with the FAA. This appeal requires us to decide which of…