CORONA FRUITS & VEGGIES, INC v. FROZSUN FOODS, INC.
Creditor failed to perfect a security interest in goods where its UCC-1 financing statement erroneously listed debtor's last name; since UCC-1 financing statements are indexed by last names, subsequent creditor who loaned money to the same debtor was not on notice of the prior lien.
Appellants could have protected themselves by using both names on their financing statements. The trial court did not err in finding that the UCC-1 financing statement filed by Plaintiff perfected a security interest superior to appellants' liens. Judgment Affirmed.
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