Legal Opinion
Woodward v. Resource Bank
Supreme Court of Virginia
Decided November 5, 1993No. Record 930112 and 930113PublishedCited by 11 opinions
1Opinion of the CourtJustice Hassell
In this appeal involving creditors’ rights, we consider whether a creditor is entitled to recover a deficiency judgment against guarantors of the underlying debt who were not notified of the sale of the collateral, but who had signed pre-default waivers of such notice.
Resource Bank filed this action against Jacob J. Batis and Janet L. Batis seeking to enforce an obligation in the amount of $90,000, and against Donald N. Tillman, Susan K. Woodward, and Tony Woodward seeking a deficiency judgment of $45,000 and attorney’s fees and costs. The Batises were not served with the motion for judgment.…
2Cases cited21 opinions
- Norton v. Nat. Bank of Commerce of Pine BluffSupreme Court of Arkansas · 1966
- DeLay First National Bank & Trust Co. v. Jacobson Appliance Co.Nebraska Supreme Court · 1976
- Universal C. I. T. Credit Co. v. RoneSupreme Court of Arkansas · 1970
- Chase Manhattan Bank, N. A. v. NatarelliNew York Supreme Court · 1977
- Employers Commercial Union Insurance Co. of America v. Great American InsuranceSupreme Court of Virginia · 1973
16 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Chisolm v. TranSouth Financial Corp.District Court, E.D. Virginia · 2000
- Topical Jewelers, Inc. v. Nationsbank, NaDistrict Court of Appeal of Florida · 2000
- In re PhelpsUnited States Bankruptcy Court, E.D. Virginia · 1995
- Rhoten v. Chevy Chase Savings Bank, F.S.B.Richmond County Circuit Court · 1997
- In re Estate of HillmanFairfax County Circuit Court · 1994
6 more not listed; retrieve them via the Exa API.