Legal Opinion
Pride Hyundai, Inc. v. Chrysler Financial Co.
Court of Appeals for the First Circuit
Decided May 27, 2004No. 03-1905PublishedCited by 16 opinions
1Opinion of the Court
LYNCH, Circuit Judge.
In July 2001, Massachusetts, along with virtually every other state, revised Article Nine of its commercial code. It appears that this is a case of first impression under Massachusetts law as to the revised § 9-204.
Of primary concern here are revisions that altered § 9-204, which deals with the enforceability of dragnet clauses in secured commercial lending agreements. Dragnet clauses purport to secure all of a debtor’s obligations to a creditor, regardless of whether those obligations arise pri- or to, concurrent with, or after the instrument containing the dragnet…
2Cases cited24 opinions
- Coady v. Ashcraft & GerelCourt of Appeals for the First Circuit · 2000
- Massachusetts Employers Insurance Exchange v. Propac-Mass, Inc.Massachusetts Supreme Judicial Court · 1995
- Zapatha v. Dairy Mart, Inc.Massachusetts Supreme Judicial Court · 1980
- Commercial Union Insurance Co. v. Walbrook Insurance Co., Ltd.Court of Appeals for the First Circuit · 1993
- Lafayette Place Associates v. Boston Redevelopment AuthorityMassachusetts Supreme Judicial Court · 1998
19 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- In Re TrejosUnited States Bankruptcy Court, D. Nevada · 2006
- Riley v. Metropolitan Life InsuranceCourt of Appeals for the First Circuit · 2014
- Horob v. Farm Credit Services of North Dakota ACANorth Dakota Supreme Court · 2010
- In Re Inofin, Inc.United States Bankruptcy Court, D. Massachusetts · 2011
- DeGiacomo v. Raymond C. Green, Inc. (In re Inofin Inc.)United States Bankruptcy Court, D. Massachusetts · 2014
11 more not listed; retrieve them via the Exa API.