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HCC V Springs Valley Bank.pdf

HCC-Credit-Corp.-v.-Springs-Valley-Bank-Trust.pdf
Preview of HCC v Springs Valley Bank
🔗 Source: morganandpottinger.com
📊 Size: 22 KB
👤 Author: Casemaker
⬇️ Downloads: 93

Summary

HCC Credit Corporation had a valid and perfected security interest in 14 tractors and their proceeds, which Lindsey Tractor Sales, Inc. sold for $199,122, but Lindsey used the proceeds to pay off debts to Springs Valley Bank & Trust, and the court held that the payment was not in the ordinary course of Lindsey's business, so HCC is entitled to recover the $199,122.

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Description

HCC Credit Corporation had a valid and perfected security interest in 14 tractors and their proceeds, which Lindsey Tractor Sales, Inc.

Technical Information

  • File Format: PDF
  • File Size: 22 KB
  • Pages: 9
  • Language: EN
  • Author: Casemaker
  • Total Downloads: 93
  • Last Updated: 2 weeks ago

Document Overview

This PDF document about HCC v Springs Valley Bank provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into HCC v Springs Valley Bank.

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