Dickason v. Marine National Bank of Naples, N.A.

WALLACE, Judge.

In this case we are called upon to decide a question of first impression in Florida: Does Article 9 of the Uniform Commercial Code permit the incorporation of the description of collateral contained in a financing statement into a security agreement in order to reflect the parties’ intention with respect to the description of the collateral securing the debtor’s obligation? We answer this question in the affirmative, and we affirm the trial court’s order.

The Facts

This case involves a dispute between a bank and a consignor concerning their respective rights in oriental rugs…