McFadden v. Import One, Inc.
Louisiana Court of Appeal
1Opinion of the Court
SAUNDERS, Judge.
|! This is a case where a consumer wishing to purchase a vehicle and a business that sells vehicles negotiated a sales agreement that was dependant upon the business obtaining financing for the consumer in order to perfect the sale. As part of the purported sale, the business took the consumer’s vehicle as a trade-in.
The business was unable to obtain financing according to the agreed upon terms. However, the business was able to obtain financing for the consumer at a higher interest rate with a longer life of the loan. The business did this in order to keep the monthly…
2Cases cited22 opinions
- Rosell v. EscoSupreme Court of Louisiana · 1989
- Coco v. Winston Industries, Inc.Supreme Court of Louisiana · 1977
- Reck v. StevensSupreme Court of Louisiana · 1979
- Grasser Contracting Co. v. City of New OrleansLouisiana Court of Appeal · 1927
- La. State Bar Ass'n v. HinrichsSupreme Court of Louisiana · 1986
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- Stenson v. Pat's of Henderson SeafoodLouisiana Court of Appeal · 2012
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