Whirlpool Corp. v. Bank of Naperville

This action was brought by the plaintiff, Whirlpool Corporation (Whirlpool), to recover damages occasioned by the alleged conversion by the defendant, Bank of Naperville (Bank), of certain personal property in which Whirlpool claimed to hold a security interest superior to any claimed by the Bank.

On October 4, 1973, Raymond B. Brooks, d/b/a Carpet Castle (Carpet), then located at Route 30, Joliet Road, Plainfield, Illinois, executed a security agreement with the Bank in exchange for a commitment to receive advances of cash or credit or both. In this security agreement, the description of…