Mark Products U.S., Inc. v. InterFirst Bank Houston, N.A.

OPINION

CANNON, Justice.

This appeal presents a dispute between creditors, each claiming to hold priority security interests in certain collateral. The trial court granted summary judgment to the creditor holding the prior, perfected security interests. We affirm.

Between February and May of 1982, Mark Products U.S., Inc., appellant, sold seismic exploration equipment to four companies: Vibrosearch, Inc., Vibrosearch Exploration, Inc., Geosignal Exploration, Inc., and N.F. Industries (“the Vibrosearch companies”). The equipment was sold on an open account, unsecured basis, with payment due…