Legal Opinion
Citizens National Bank v. Robertson
Missouri Court of Appeals
Decided March 25, 2003No. ED 80858PublishedCited by 4 opinions
1Opinion of the Court
KATHIANNE KNAUP CRANE, Judge.
The secured party obtained a deficiency judgment against the debtor after sale of a repossessed automobile under a loan agreement. The debtor appeals, claiming that there was insufficient evidence of commercial reasonableness of the sale and of notice to debtor. We agree that there was insufficient evidence of commercial reasonableness and reverse.
On April 15, 1998, defendant, Thomas J. Robertson, and his wife negotiated the purchase of a 1991 Plymouth Acclaim from Major Motors for $3,895.00. They entered into a loan and security agreement with plaintiff, Citizens…
2Cases cited5 opinions
- Murphy v. CarronSupreme Court of Missouri · 1976
- First Missouri Bank & Trust Co. of Creve Coeur v. NewmanMissouri Court of Appeals · 1984
- Commercial Credit Equipment Corp. v. ParsonsMissouri Court of Appeals · 1991
- Ford Motor Credit Co. v. HensonMissouri Court of Appeals · 2001
- Moutray v. Perry State BankMissouri Court of Appeals · 1988
3Cited by4 opinions
- Consumer Finance Corp. v. ReamsMissouri Court of Appeals · 2005
- Ford Motor Credit Co. v. HarrisMissouri Court of Appeals · 2012
- Reno Financial, Ltd. v. ValleroyMissouri Court of Appeals · 2007
- The Central Trust Bank v. Barbara Branch and Alexis BranchMissouri Court of Appeals · 2021