When Corona leased farmland to a strawberry farmer named Armando Munoz Juarez, it claimed a security interest
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When Corona leased farmland to a strawberry farmer named Armando Munoz Juarez, it claimed a security interest in his strawberry crop. Corona’s financing statement listed the farmer’s name as “Armando Munoz,” even though his state-issued ID card identified his last name as “Juarez.” When the farmer contracted to sell strawberries to Frozsun, it filed its own financing statement securing the strawberries. This statement listed the debtor’s name as “Armando Juarez.” When the farmer defaulted, both Corona and Frozsun claimed an interest in the same strawberries. Which party prevails—Corona or Frozsun? Why?
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Introduction To Business Law
ISBN: 9781337404341
6th Edition
Authors: Jeffrey F. Beatty, Susan S. Samuelson, Patricia Abril
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