(DOWNLOAD) "United States Fidelity & Guaranty Co. v. First St. Bank" by Supreme Court of Kansas * eBook PDF Kindle ePub Free
eBook details
- Title: United States Fidelity & Guaranty Co. v. First St. Bank
- Author : Supreme Court of Kansas
- Release Date : January 04, 1972
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 79 KB
Description
The opinion of the court was delivered by This case represents another round in the perennial struggle
for priority between the surety on the performance bond of a
defaulting building contractor and a bank which has advanced
money to the contractor on the faith of an assignment of the
contract proceeds. The new element here is the presence of the
Uniform Commercial Code (UCC), K.S.A. Ch. 84. The primary
question we are called upon to decide is the effect, if any, the
UCC has on the priorities which would otherwise obtain — although
there is some preliminary dispute as to just what those
priorities should be. The facts were stipulated below and are not in dispute.