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A.S.C. CORPORATION v. FIRST NAT. BANK, ETC.

No. 29,965.

241 Ind. 19 (1960)

167 N.E.2d 460

A.S.C. CORPORATION v. FIRST NATIONAL BANK OF ELWOOD ET AL.

Supreme Court of Indiana.

Rehearing denied September 20, 1960.

Attorney(s) appearing for the Case

Jeremiah L. Cadick, Floyd W. Burns, James M. Nicholson, Cadick & Burns, of counsel, all of Indianapolis, John E. Scott and O'Neill, Scott & Schrenker, of counsel, of Anderson, for appellant.

Hugh E. Reynolds, Locke, Reynolds, Boyd & Weisell, of counsel, of Indianapolis, and Robert L. Austin, of Anderson, for appellee First National Bank of Elwood.

Lee B. Fidler, of Anderson, for appellee, Walter F. Busch.

BOBBITT, J.

This case comes to us on petition to transfer from the Appellate Court under Acts 1933, ch. 151, § 1, p. 800, being § 4-215, Burns' 1946 Replacement. See: A.S.C. Corporation v. First National Bank of Elwood (1959), 161 N.E.2d 179.

Appellant conducts a finance business consisting of the loaning of money to retail automobile dealers by what is commonly known as a "floor plan" arrangement, and the purchase from them of conditional...

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