Morgan Bank (Delaware) v. Wilson
Court of Appeals of Arizona
1Opinion of the Court
OPINION
HATHAWAY, Judge.
This appeal arises out of the execution of an installment purchase and security agreement and promissory note between the seller, Lasma Arabians, Ltd., an Arizona corporation, (Lasma) and the appellee buyers, James C. and Grace R. Wilson, Colorado residents (Wilson), which was subsequently assigned by Lasma to the appellant, Morgan Bank, a Delaware corporation (Morgan Bank). When Wilson defaulted on the note, Morgan Bank brought suit in Arizona and the trial court granted Wilson’s motion to dismiss for lack of personal jurisdiction with prejudice. Morgan Bank appeals…
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