Procedural Posture

Appellant subordinate secured party sought review of an order of the Superior Court of Los Angeles County (California) that found a subordination agreement was valid and supported by consideration, and granted summary judgment in favor of appellee first secured party. California Business Lawyer & Corporate Lawyer, Inc. shares California Termination Checklist Overview Appellee first secured party entered into a security agreement with debtor. Appellant subordinate secured party entered into a written consignment with debtor. Each party had a security interest in debtor’s inventory. Appellee and appellant entered a written subordination…