O'BRIEN v. Chandler

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that debtor had possession of cattle when unpaid seller, who had not perfected any security interest in cattle, delivered cattle to feedlot pursuant to parties’ agreement, and therefore bank’s perfected security interest in cattle had priority
• under the Uniform Commercial Code, a buyer of goods obtained by fraud acquires voidable title and may convey good title to a bona purchaser for value
• where cash-purchaser took delivery of cattle and then obtained a bank loan using the cattle as collateral, the bank’s perfected security interest prevailed over the interest of the unpaid cash-seller
• 2-403(1) allows certain transferors to pass greater title than they themselves claim
• 2-403(1) allows certain transferors to pass greater title than they themselves claim
• power to create security interest arises upon delivery

Source: CourtListener parenthetical corpus (CC0).