K-Mart Enterprises, Inc. v. Hunter Co.

460 F. Supp. 652, 1978 U.S. Dist. LEXIS 14296
CourtDistrict Court, N.D. California
DecidedNovember 17, 1978
DocketNo. C-77-2106-WAI(SJ)
StatusPublished

This text of 460 F. Supp. 652 (K-Mart Enterprises, Inc. v. Hunter Co.) is published on Counsel Stack Legal Research, covering District Court, N.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
K-Mart Enterprises, Inc. v. Hunter Co., 460 F. Supp. 652, 1978 U.S. Dist. LEXIS 14296 (N.D. Cal. 1978).

Opinion

MEMORANDUM OF DECISION

INGRAM, District Judge.

This is an action in interpleader arising under the provisions of 28 U.S.C. §§ 1335, 1397 and 2361. K-Mart Enterprises, Inc. (hereinafter called K-Mart) is indebted to American Brake and Components, Inc. [653]*653(hereinafter called American Brake) in the sum of $39,336.24.1

The contending creditors of American Brake who seek in this action to establish their relative priorities in entitlement to the fund represented by the K-Mart indebtedness are the Hunter Company (hereinafter called Hunter); Michael Vernon dba MN&B Truck Leasing (hereinafter called Vernon); D&D Brake Sales, Inc. (hereinafter called D&D Brake); the United States of America; and Citizen’s National Bank (hereinafter called Citizen’s).

American Brake during its business life was a manufacturer and reconditioner of brake shoes and components thereof. Its primary customer to the extent of 99 percent of its output was K-Mart. In 1976, American Brake essentially ceased doing business. The chronology of events involved in this case are as follows:

1. Prior to January 1, 1975, Hunter lent American Brake the sum of $26,000, and received as evidence of indebtedness a promissory note secured by a security agreement covering furniture, inventory, equipment, stock-in-trade, and accounts receivable.

2. On July 2, 1976, American Brake was incorporated under the laws of the state of Nevada, and the above note and security agreement were assumed by the corporation.

3. On December 20, 1975, American Brake entered into a factor agreement with Hunter.

4. On or before January 1, 1976, Hunter loaned American Brake the sum of $50,000, and received as evidence of indebtedness a promissory note secured by a security agreement.

5. In the spring of 1976, Hunter purchased from American Brake, under the terms of the aforesaid factor agreement, accounts receivable owed to K-Mart and received payments thereon.

6. On March 3, 1976, Citizen’s loaned American Brake the sum of $15,000, and received as evidence of indebtedness a promissory note secured by a security agreement covering all inventory and accounts receivable of American Brake.

7. On March 30, 1976, a financing statement executed by American Brake and Citizen’s was filed and recorded in Utah which was then the residence of American Brake.

8. On July 19, 1976, D&D Brake filed a verified complaint and garnishment against American Brake in an Indiana court, and the writ of garnishment was duly served upon K-Mart’s statutory agent for service of process resident in Indiana.

9. On July 21, 1976, William H. Miller, president of American Brake, resigned. He remained active in a full time capacity until July 31, 1976, and remained active in a part-time capacity as custodian of records of American Brake until August of 1977.

10. On July 31, 1976, American Brake moved its residence from Utah to California.

11. On August 26, 1976, Hunter demanded payment on its note of $26,000, and American Brake failed to pay whereupon Hunter took possession of the accounts receivable and equipment of American Brake.

12. On September 15, 1976, Vernon filed suit against American Brake in the state court of Utah and summons and complaint were served upon Miller. Subsequently, on November 17,1976, a default judgment was taken against American by Vernon, and on November 24, 1976, writs of garnishment were issued thereon and were served upon K-Mart.

13. On December 21, 1976, D&D Brake took a default judgment against American Brake in the Indiana court.

14. On March 2, 1977, Hunter filed two financing statements with the Secretary of State of Utah relative to the security agreements of January 1, 1975 and January 1, 1976, and on March 21,1977, Hunter filed a [654]*654financing statement with the Secretary of State of Utah relative to the factor agreement of December 20, 1975.

15. On March 22, 1977, Citizen’s filed an action against American Brake in the state court of Utah.

16. On April 4, 1977, the Internal Revenue Service filed a notice of federal tax lien in Utah.

17. On October 31, 1977, Citizen’s assigned its lawsuit, lien, note and security agreement to Hunter.

18. On December 9, 1977, D&D Brake assigned its lawsuit, judgment and garnishment to Hunter.

This action was tried and the testimony, exhibits and memoranda of the parties have been duly considered, and the court now fixes the priorities of claims to the fund in issue as follows:

1. Hunter as assignee of Citizen’s.

2. Hunter as assignee of D&D Brake.

3. Vernon.

4. Hunter under its financing statements filed March 2, 1977 in Utah.

5. The United States of America.

The pivotal issue in this case is which creditor should occupy the second position in the order of priority. All parties concede apparently that the Citizen’s claim is first in line and that Hunter as assignee thereof is entitled to the position of Citizen’s. As stated, controversy revolves around the second position. Vernon contends that it is entitled to second position because its writ of garnishment is senior to the Hunter financing statements filed in Utah, and because the D&D Brake garnishment assigned to Hunter is invalid. Hunter contends that the judgment of Vernon against it is void for want of jurisdiction inasmuch as Miller was not authorized to receive service in behalf of the corporation; that Vernon has no standing to attack the validity of Indiana garnishments assigned to Hunter by D&D Brake; and that in any event under the applicable provisions of the Uniform Commercial Code, Hunter and American Brake entered into an accord and satisfaction which entitles Hunter to first priority. Everyone agrees that the United States failed to perfect its tax lien properly and that it is last in line.

Because of the limited sum which is available for division in this lawsuit among the contending parties, it will not be necessary to discuss in depth each of the contentions raised between the respective parties. Suffice to say that Hunter is in first position as the assignee of Citizen’s, and that Hunter is entitled to second position as the assignee of D&D Brake, and is the successor of the claim of the latter in the approximate sum of $42,000.

Vernon contends that it is entitled to have the perfected writ of garnishment issued in favor of D&D Brake and served upon K-Mart declared invalid and set aside because of the alleged constitutional infirmity of the Indiana statute under which the writ of garnishment was obtained.

Vernon relies upon Fuentes v. Shevin, 407 U.S. 67, 92 S.Ct. 1983, 32 L.Ed.2d 556 (1972) and North Georgia Finishing, Inc. v. Di Chem, Inc., 419 U.S. 601

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McGowan v. Maryland
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Fuentes v. Shevin
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419 U.S. 601 (Supreme Court, 1975)
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Bluebook (online)
460 F. Supp. 652, 1978 U.S. Dist. LEXIS 14296, Counsel Stack Legal Research, https://law.counselstack.com/opinion/k-mart-enterprises-inc-v-hunter-co-cand-1978.