United States v. First National Bank

MATTHES, Chief Judge. The question presented for decision in this case is whether the description of collateral in the controverted security agreement is adequate under §§ 9-110 and 9-203(1)(b) of the Uniform Commercial Code [U.C.C.] to create a security interest in certain property. We answer that question in the affirmative and therefore reverse the judgment of the District Court.