Publication Date

1985

Journal

Banking Law Journal

Abstract

The article critiques the Second Circuit's decision in Dick Warner Cargo Handling Corp. v. Aetna Business Credit, Inc., arguing that it unfairly prioritizes revolving credit financiers over lien creditors by reviving the unitary theory of security interests under Article 9 of the UCC. The authors defend the multiple theory, asserting that security interests for advances and nonadvance obligations should be treated separately, and that the court's ruling undermines the balance intended by the 1972 UCC amendments.

Volume

102

Issue

5

First Page

412

Last Page

435

Publisher

Matthew Bender & Company, Inc.

Disciplines

Bankruptcy Law | Insurance Law | Law | Legal Remedies

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