Ex Parte General Motors Acceptance Corporation

In Ex Parte General Motors Acceptance Corporation, 425 So. 2d 464 (Ala. 1983) the owner of an automobile dealership bought and financed a car in his own name and for his personal use. At some point in time he placed the car on his lot where it was sold. General Motors Acceptance Corporation, which had financed the owner's purchase of the car, sued the buyer. The Alabama Supreme Court held for the buyer concluding that the buyer was a buyer in the ordinary course of business. The Court held that the nature of the collateral changes as the owner's use changes.