Forestry Equipment Co. of Alabama v. Orix Credit Alliance, Inc.

These appeals are from a judgment awarding interpleaded funds to Orix Credit Alliance, Inc. (“Orix”); holding for Orix on the cross-claim filed by Forestry Equipment Company of Alabama, Inc. (“Forestry”); and holding that AmSouth Bank, N.A. (“AmSouth”), is not entitled to any share of the interpleaded funds. The issues are whether the trial court erred in refusing to reform certain financing documents because of a mistake of one party of which the other should have been aware or in holding the financing documents to be unambiguous.1

Forestry, founded in 1949 by Jack Hale and Charles Hale, was…