District Court, S.D. Texas April 29, 1987, Civ. A. H-83-2988 (Crocker National Bank v. Ideco Division of Dresser Industries, Inc.)

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MEMORANDUM

HUGHES, District Judge.

TOS Industries, Inc., agreed to buy six drilling rigs from the Ideco Division of Dresser Industries, Inc. Before the six rigs were delivered, TOS told Ideco that it would be unable to pay for them, and Ideco kept the rigs. Crocker National Bank had a security interest in all after-acquired inventory of TOS.