Legal Opinion

Industrial Credit Co. v. Hargadon Equipment Co.

Supreme Court of Iowa

Decided January 15, 1963No. 50714PublishedCited by 6 opinions

1Opinion of the CourtStuart, J.

— A dealer discounted a conditional sales contract to a finance company. The property was repossessed and resold by the dealer. The second conditional sales contract was discounted to a second finance company. The dealer did not pay off the obligation to the first company with the proceeds. As a result, one of two finance companies will be defrauded out of several thousand dollars. There are several parties involved in the transactions relevant to this appeal and for clarity and brevity we will refer to them as “Industrial”, “Talcott”, “Hargadon”, “Anderson” and “Sanderson”.

On August 6, 1959,…

2Cases cited8 opinions

  1. Bentley & Olmstead v. Snyder & SonSupreme Court of Iowa · 1897
  2. Greenlease-Lied Motors v. SadlerSupreme Court of Iowa · 1933
  3. Hull-Dobbs Motor Co. v. Associates Discount Corp.Supreme Court of Iowa · 1950
  4. State Savings Bank v. Universal Credit Co.Supreme Court of Iowa · 1943
  5. Commercial Credit Corp. v. Interstate Finance Corp.Supreme Court of Iowa · 1945

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3Cited by6 opinions

  1. Continental Western Insurance Co. v. BlackWyoming Supreme Court · 2015
  2. Universal CIT Credit Corporation v. JonesSupreme Court of Iowa · 1975
  3. Brown v. Heister (Heister)United States Bankruptcy Court, N.D. Iowa · 2003
  4. Agriliance, L.L.C. v. Farmpro Services, Inc.District Court, S.D. Iowa · 2003
  5. Continental Western Insurance Company v. James Black, Jj Bugs, Ltd., Andrew Gustafson, Individually, and as Personal Representative of Stephanie Gustafson, Charles Adsit, Joe Patterson, and Mia PattersonWyoming Supreme Court · 2015

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