In Re United Equipment, Inc., Debtor. Concord Commercial Corporation v. U.S. National Bank of Oregon

37 F.3d 1506 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. In re UNITED EQUIPMENT, INC., Debtor. CONCORD COMMERCIAL CORPORATION, Appellant, v. U.S. NATIONAL BANK OF OREGON, Appellee. No. 93-35191. United States Court of Appeals, Ninth Circuit. Submitted Sept. 13, 1994. * Decided Sept. 19, 1994. Before: ALDISERT, ** NORRIS and THOMPSON, Circuit Judges. 1 MEMORANDUM *** 2 The question for decision in this appeal from a district court's order affirming the judgment of a bankruptcy court is whether U.S. National Bank of Oregon, Appellee, created a valid security interest in five forklifts held by a debtor for sale or lease by describing the collateral as "inventory now held or hereafter acquired." The bankruptcy court granted summary judgment in favor of National Bank, holding that the description was sufficient, that the bank's interest in the forklifts was valid and perfected and that its interest was superior to and had priority over the interest of Concord Commercial…