Perfected Security Interest Yields to Breach of Fiduciary Duty

By Richard Burt | 12/21/2014

If a party succeeds in perfecting a security interest in personal property by breaching a fiduciary duty, the security interest may be disregarded for the benefit of the person owed the fiduciary duty. In Feresi v. The Livery, LLC (2014) 232 Cal. App. 4th 419, Renee Feresi and James Mesa were a married couple who during…

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