Legal Opinion
Paradise Restaurant, Inc. v. Somerset Enterprises, Inc.
Supreme Court of Vermont
Decided December 8, 1995No. 95-085PublishedCited by 9 opinions
1Opinion of the CourtJohnson, J.
Defendant purchased a restaurant in Bennington from plaintiff for cash and a promissory note, and appeals from an order of the Bennington Superior Court granting plaintiff’s foreclosure petition on the purchase-money mortgage securing the note. Pursuant to a stipulation of the parties, the court granted defendant’s motion for permission to appeal. We reverse.
The purchase and sale transaction closed on September 20, 1988. The total purchase price for the restaurant was $750,000, defendant paying $250,000 in cash and financing the balance with a $500,000 promissory note secured by a first…
2Cases cited10 opinions
- Town of Sherburne v. CarpenterSupreme Court of Vermont · 1990
- Albert J. Jansen, Doing Business as Mercury Service v. The United StatesUnited States Court of Claims · 1965
- Greenmoss Builders, Inc. v. KingSupreme Court of Vermont · 1990
- Burlington Savings Bank v. RafoulSupreme Court of Vermont · 1965
- Chapman College v. WagenerCalifornia Supreme Court · 1955
5 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Bissonnette v. WylieSupreme Court of Vermont · 1997
- JIPAC, NV v. SilasSupreme Court of Vermont · 2002
- A.N. Deringer, Inc. v. John M. Strough and Fritz Companies, Inc.Court of Appeals for the Second Circuit · 1996
- Baybank v. Vermont National BankCourt of Appeals for the First Circuit · 1997
- Rancourt v. VerbaSupreme Court of Vermont · 1996
4 more not listed; retrieve them via the Exa API.