Business Law Today, Comprehensive 10th Edition by Roger LeRoy Miller

Exercise 12

Liens. Autolign Manufacturing Group, Inc., borrowed funds from Wamco 34, Ltd., to operate its auto parts business. The loan was secured by the molds that were used to form the parts. Autolign contracted with Delta Engineered Plastics, LLC, to make the parts and provided Delta with the molds. When Autolign defaulted on its obligations to Wamco and Delta, Delta asserted a "molder's lien" against the molds in its possession. A molder's lien is similar to an artisan's lien. Wamco argued that the molds were its property Which claim had priority Explain. [ Delta Engineered Plastics, LLC v. Autolign Manufacturing Group, Inc.,286 Mich.App. 115, 777 N.W2d 502 (2010)]