Simon v. Chrysler Credit Corp. (In Re Babaeian Transportation Co.)

How courts have described this case

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

• finding under a similar provision of California’s UCC that the vehicle is inventory, perfection may only be accomplished by filing a UCC-1 financing statement”
• “the trustee enjoys the status of a lien creditor, and thus his interest has priority over an un-perfected security interest”
• \An unperfected security interest is binding between the parties. The lack of perfection creates a problem only when an intervening third party obtains a perfected security interest that trumps the unperfected interest.\

Source: CourtListener parenthetical corpus (CC0).