Grumman Credit Corp. v. Rivair Flying Service, Inc.

SUMMERS, Justice.

The question here is whether there was competent evidence to support the jury’s verdict that plaintiff’s sale of a repossessed airplane was done in a “commercially reasonable” manner. The trial court found that there was and entered the requested deficiency judgment against the defendant borrower. The Court of Appeals concluded otherwise and reversed the jury-based judgment as a matter of law. On certiorari we reinstate the judgment entered below.

Grumman Credit Corporation financed the purchase of a 1977 Grumman American Cheetah airplane by Rivair Flying Service and retained…