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Supreme Court Ruling on Chattel Mortgage Foreclosure by RyannCabañero is a document available to read on EtoBox.

This document summarizes a Supreme Court case regarding a dispute over a vehicle purchase. Elias Colarina purchased a vehicle from Magna Financial Services Group on installment payments but stopped paying in 1999, owing $131,607. Magna sued for payment and repossession of the vehicle. The lower courts ordered Colarina to pay but the Court of Appeals reversed, finding that since Magna sought foreclosure of the chattel mortgage per the contract, it could not also seek payment of the unpaid balance as per th

Author

RyannCabañero

Language

EN