Legal Opinion
Orix Credit Alliance, Inc. v. James Pappas and Parashevic Pappas
Court of Appeals for the Seventh Circuit
Decided October 25, 1991No. 90-3147PublishedCited by 30 opinions
1Opinion of the Court
KANNE, Circuit Judge.
Pursuant to two separate agreements, Orix Credit Alliance, Inc., leased six trailers — four Fruehauf trailers and two Timpte grain trailers — to Orlando Cartage, Inc. Orlando became bankrupt and defaulted on payment due under the leases. Orix sued James Pappas and Parashevic Pappas as guarantors. The Guarantors concede liability under the Fruehauf agreement but argue that the agreement is a sales agreement with a retained security interest and that Orix’s assessment of damages is incorrect. Orlando retained possession and use of the Timpte trailers under the provisions of…
2Cases cited10 opinions
- In the Matter of Marhoefer Packing Company, Inc., Bankrupt, Appeal of Robert Reiser & Company, Inc., CreditorCourt of Appeals for the Seventh Circuit · 1982
- National Equipment Rental, Ltd. v. Priority Electronics Corp.District Court, E.D. New York · 1977
- Leasing Service Corporation v. Virgil B. Justice and David F. ChildersCourt of Appeals for the Second Circuit · 1982
- In Re Crown Cartridge Corp.District Court, S.D. New York · 1962
- Credit Car Leasing Corp. v. DeCresenzoCivil Court of the City of New York · 1988
5 more not listed; retrieve them via the Exa API.
3Cited by30 opinions
- In Re: William Stoecker, DebtorCourt of Appeals for the Seventh Circuit · 1999
- In Re Keith Alan Powers, Debtor. Keith Alan Powers v. Royce Inc., D/B/A Royce RentalsCourt of Appeals for the Seventh Circuit · 1993
- In Re QDS Components, Inc.United States Bankruptcy Court, S.D. Ohio · 2002
- Worldcom, Inc. v. General Electric Global Asset Management Services (In Re Worldcom, Inc.)United States Bankruptcy Court, S.D. New York · 2006
- In Re Edison Bros. Stores, Inc.United States Bankruptcy Court, D. Delaware · 1997
25 more not listed; retrieve them via the Exa API.