Legal Opinion
Bank One, Arizona, N.A. v. Beauvais
Court of Appeals of Arizona
Decided March 18, 1997No. 1 CA-CV 96-0301PublishedCited by 8 opinions
1Opinion of the Court
GRANT, Judge.
In this appeal, we must decide whether the extension, renewal or refinancing of a purchase-money loan transformed the renewed or new loan into a non-purchase-money obligation. We hold that under the facts of this case, the trial court correctly held that the renewed or new loan retained its character as a purchase-money note.
FACTS AND PROCEDURAL HISTORY
In 1988, appellees Edward R. and Mary Ellen Beauvais (“the Beauvais”) obtained a $75,000 loan (“the 1988 loan”) from appellant Bank One (“the Bank”). The loan proceeds were used to exercise options on 30,000 shares of America West…
2Cases cited12 opinions
- Baker v. GardnerArizona Supreme Court · 1989
- Union Bank v. WendlandCalifornia Court of Appeal · 1976
- City of Phoenix v. SUPER. COURT, MARICOPA CTY.Court of Appeals of Arizona · 1985
- Palm v. SchillingCalifornia Court of Appeal · 1988
- Lucky Investments, Inc. v. AdamsCalifornia Court of Appeal · 1960
7 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Ezell v. QuonCourt of Appeals of Arizona · 2010
- First Credit Union v. CourtneyCourt of Appeals of Arizona · 2013
- First Financial Bank, N.A. v. ClaassenCourt of Appeals of Arizona · 2015
- Matter of Wilcox Revocable TrustCourt of Appeals of Arizona · 1998
- Malad, Inc. v. MillerCourt of Appeals of Arizona · 2008
3 more not listed; retrieve them via the Exa API.