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Morgan County Feeders, Inc. v. McCormick
Colorado Court of Appeals
836 P.2d 1051 (1992)
Neil Allen owned fifty-six head of cattle that he used principally for recreational cattle drives, though he sometimes leased the cattle to others. Morgan County Feeders, Inc. (Morgan) (plaintiff) held a perfected security interest in the cattle. Allen sold the cattle to James McCormick. Morgan took possession before the cattle could be delivered. Morgan sued, and the trial court ruled in its favor based on the finding that the cattle were “equipment” rather than “inventory.” McCormick appealed to the Colorado Court of Appeals.
Rule of Law
Holding and Reasoning (Rothenberg, J.)
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