Northwest Acceptance Corporation v. Lynnwood Equipment, Inc.

841 F.2d 918 5 UCC Rep.Serv.2d 769 NORTHWEST ACCEPTANCE CORPORATION, Plaintiff-Appellee, v. LYNNWOOD EQUIPMENT, INC., Industrial Equipment Leasing, Inc., James Bride and Linnie Bride, Defendants-Appellants, and CIT Corporation, a New York Corporation, et al., Defendants, and Peoples National Bank of Washington, a National Banking Association, Intervenor. No. 87-3541. United States Court of Appeals, Ninth Circuit. Argued and Submitted Oct. 8, 1987. Decided March 4, 1988. Stuart M. Brown, Tonkon, Torp, Galen, Marmaduke & Booth, Portland, Or., for plaintiff-appellee. John H. Strasburger, Short & Cressman, Seattle, Wash., for defendants-appellants. ORDER GRANTING PETITION FOR REHEARING AND WITHDRAWING OPINION The panel has voted to grant Northwest's petition for rehearing. The opinion issued December 16, 1987, is withdrawn. Before GOODWIN, ALARCON and LEAVY, Circuit Judges. ALARCON, Circuit Judge: 1 Defendants-appellants Lynnwood Equipment, Inc. (Lynnwood), Industrial Equipment Leasing, Inc. (IEL), James Bride and Linnie Bride (hereinafter collectively referred to as appellants) appeal from the judgment in favor of plaintiff-appellee Northwest Acceptance Corporation…