Morgan County Feeders, Inc. v. McCormick

Colorado Court of Appeals

836 P.2d 1051 (1992)

Relevant factsFree

Neil Allen owned 56 cattle used principally for recreational cattle drives (sometimes leased to others), subject to Morgan County Feeders' (Morgan) (plaintiff) perfected security interest; Allen sold the cattle to McCormick (defendant), but Morgan took possession before delivery could occur. The trial court ruled for Morgan, finding the cattle were "equipment" rather than "inventory" (and thus subject to Morgan's security interest despite the sale), and McCormick appealed.

IssueFree

Whether all goods owned by a business are inventory.

Holding & reasoning

The court resolved the question by applying the controlling rule to the facts and explaining precisely why the outcome followed. Its reasoning ties the doctrine to the record so you can reproduce the analysis on an exam.

Procedural history, concurrence & dissent

This section traces the case from the trial court through appeal and lays out how each opinion lands. Separate writings sharpen the majority's limits and flag the arguments most likely to resurface in class.

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