Rayfield Investment Co. v. Kreps

How courts have described this case

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

• holding that the Exception was not satisfied where consigned goods did not exceed 15% of inventory because a minimum of 20% is the \rule of thumb\
• finding that a creditor with a perfected security interest had a superior interest in inventory to that of a consignor
• explaining that \[t]he cases follow a general rule of thumb that consignees are not considered to be substantially engaged in selling the goods of others unless they hold at least 20% of inventory on a consignment basis\
• “The Florida UCC explicitly provides that a perfected security interest in goods takes priority over all subsequently perfected and unperfected security interests in the same goods.”
• “The Florida UCC explicitly provides that a perfected security interest in goods takes priority over all subsequently perfected and unperfected security interests in the same goods.”
• “The rules for acquiring and enforcing security interests were not written to permit individualized justice and equity contrary to their requirements. . . . The statutes give us no authority to refuse to enforce priorities under UCC Article 9 . . . .”

Source: CourtListener parenthetical corpus (CC0).