Manufacturers Acceptance Corp. v. Bank of Knoxville

This is a contest between the Bank of Knoxville, complainant below and Manufacturers Acceptance Corporation, defendant below, to determine which had the superior claim to the same automobile. All of the facts have been stipulated.

The record discloses that one, Redmond, was a used car dealer and he also conducted a driver training school. Tu August;-1956, Redmond obtained a loan from *607the Bank of Knoxville, giving as security for it a 1955 Chevrolet equipped for use in the driver training courses.

On March 15, 1957, Redmond purchased from one Blanton a 1956 Chevrolet, the car involved in this…