Legal Opinion
General Electric Credit Corp. v. Kelly & Dearing Aviation
Court of Appeals of Tennessee
Decided September 14, 1988PublishedCited by 19 opinions
1Opinion of the Court
FARMER, Judge.
In 1979 Nathan Dearing and Charles Kelly formed a partnership known as Kelly & Dearing Aviation (K & D) for the purpose of purchasing a 1979 Piper Aztec. They obtained the funds for this purchase from General Electric Credit Corporation (GECC) and in return gave GECC a promissory note for $130,000.00 and a secured interest in the airplane.
On February 23, 1982 K & D leased this plane to Ray Ownby, who purportedly was a real estate broker from East Tennessee. The lease was for a term of twelve months, with an option to purchase at the end of that time, and provided for payments of…
2Cases cited6 opinions
- Barger v. WebbTennessee Supreme Court · 1965
- Guardian Life Ins. Co. of America v. RichardsonCourt of Appeals of Tennessee · 1939
- Paul v. Insurance Co. of North AmericaCourt of Appeals of Tennessee · 1984
- Billington v. CrowderCourt of Appeals of Tennessee · 1977
- Third Nat. Co. v. ThompsonCourt of Appeals of Tennessee · 1945
1 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Pero's Steak and Spaghetti House v. LeeTennessee Supreme Court · 2002
- Massachusetts Bay Insurance v. Vic Koenig Leasing, Inc.Court of Appeals for the Seventh Circuit · 1998
- David White v. Empire Express, Inc. and Empire Transportation, Inc.Court of Appeals of Tennessee · 2012
- Permobil, Inc. v. American Express Travel Related Services Co.District Court, M.D. Tennessee · 2008
- Stephens v. Morrison (In Re Morrison)United States Bankruptcy Court, W.D. Tennessee · 2011
14 more not listed; retrieve them via the Exa API.