Muska borrowed money from the Bank of California and secured the loan by giving the bank a
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Muska borrowed money from the Bank of California and secured the loan by giving the bank a security interest in equipment and machinery at his place of business. To perfect the interest, the bank filed a financing statement that did not contain Muska’s address. Muska later filed for bankruptcy. The trustee in bankruptcy claimed that the security interest of the bank was not perfected because the omission of the residence address from the financing statement made it defective. Was the financing statement valid? [Lines v Bank of California, 467 F2d 1274 (9th Cir)]
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Anderson's Business Law And The Legal Environment
ISBN: 9780324638189
20th Edition
Authors: David P Twomey, Marianne M Jennings, Ivan Fox
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