United States Eighth Circuit
GEN. MOTORS ACCEPTANCE CORP. v. UNION BANK & TRUST CO., 01-2147, 02-1045/1491
District court erred in 1) determining that defendant had an Arkansas Code Annotated Article 4 security interest in dishonored check proceeds superior to plaintiff's Article 9 security interest, and 2) relying on parol evidence to find a waiver agreement was not intended to extend beyond termination of subordination agreement.
Appellate Information
- Decided 05/19/2003
- Published 05/19/2003
Judges
Court
- United States Eighth Circuit