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1 JPMORGAN CHASE BANK N.A v. JEFFCO CINNAMINSON CORPORATION -- rank: 1000

... Nager , 192 N.J. Super. 189 (Ch. Div. 1983) and N.J.S.A. 12A:9-320(a) for the proposition that "the UCC entitles buyers in ... sure that the loan is, in fact, paid in full. N.J.S.A. 12A:9-320(a) also is inapplicable to JPMorgan's actions. This statute ... interest is perfected and the buyer knows of its existence. [ N.J.S.A. 12A:9-320(a)(emphasis added).] Under N.J.S.A. 12A:9 ... upon any disposition, unless an exception in the UCC applies. N.J.S.A. 12A:9-320(a) is one such exception because it automatically discontinues the ... buyer acquires the goods with clear title. The purpose of N.J.S.A. 12A:9-320(a) is to facilitate sales transactions between a debtor and ... J.S.A. 12A:9-307(1), the source of N.J.S.A. 12A:9-320(a)). Furthermore, the statute describes nothing about the secured ...

docket:	a2601-10
court:	NJ Superior Court Appellate Division
decided:	2012-03-27
status:	unpublished
citation:
Document Size:	44036