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Ethical And Intellectual Controversy (DPR)

Decent Essays

As a result of the foregoing, an actual controversy has arisen and now exists between plaintiffs and defendants DPR concerning their respective rights and duties. Plaintiffs contend that their security interests in the collateral described in the security agreements continued notwithstanding the sale or disposition to defendants DPR of the collateral, and continue to this day or, alternatively, defendants DPR should be estopped from asserting any right, title, or interest in the collateral senior or adverse to the security interests of plaintiffs in that recognition of any priority interest by defendants DPR would sanction fraud and promote injustice because recognition would effectively render plaintiffs’ security interest illusory, thus allowing

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