Legal Opinion
Baba-Dainja EL v. AmeriCredit Financial Services, Inc.
Court of Appeals for the Seventh Circuit
Decided March 20, 2013No. 12-3310PublishedCited by 55 opinions
1Opinion of the Court
POSNER, Circuit Judge.
The plaintiff bought a used pickup truck in 2011 for $28,000 and financed the purchase by means of a six-year installment contract that specified an interest rate of 28.9 percent. The dealer who sold him the truck assigned the contract to AmeriCre-dit. But after making the first installment the plaintiff sent his new creditor a copy of the installment contract that he had stamped “accepted for value and returned for value for settlement and closure,” and told AmeriCredit to collect from the U.S. Treasury the balance due AmeriCredit under the contract. AmeriCredit…
2Cases cited24 opinions
- Saint Paul Mercury Indemnity Co. v. Red Cab Co.Supreme Court of the United States · 1938
- Hagans v. LavineSupreme Court of the United States · 1974
- Manguno v. Prudential Property & Casualty InsuranceCourt of Appeals for the Fifth Circuit · 2002
- Romero v. International Terminal Operating Co.Supreme Court of the United States · 1959
- Jacqueline Burns v. Windsor Insurance Co.Court of Appeals for the Eleventh Circuit · 1994
19 more not listed; retrieve them via the Exa API.
3Cited by55 opinions
- Michael Georgakis v. Illinois State UniversityCourt of Appeals for the Seventh Circuit · 2013
- John Jones Bey v. State of IndianaCourt of Appeals for the Seventh Circuit · 2017
- Yvonne Owusumensah v. Cavalry Portfolio ServicesCourt of Appeals for the Seventh Circuit · 2016
- United States v. Terrance P. DanielsCourt of Appeals for the Seventh Circuit · 2015
- United States v. Charise StoneCourt of Appeals for the Fourth Circuit · 2017
50 more not listed; retrieve them via the Exa API.