Legal Opinion
Lowden Investment Co. v. General Electric Credit Co.
Nevada Supreme Court
Decided August 27, 1987No. 17245PublishedCited by 8 opinions
1Opinion of the Court
OPINION
2Per curiam
In December 1977, Lowden Investment Company, (“Low-den”) through a predecessor in interest, purchased a 1966 Lear Jet. Lowden financed the purchase by borrowing $520,000.00 from General Electric Credit Corporation (GECC), secured by the jet. The debt was personally guaranteed by Edward Doumani, Elenore Doumani, Fred Doumani, Sydney Doumani, and Paul Lowden.
A few months after the purchase, Lowden leased the jet to Las Vegas Jet Charter Service (LVJCS). Trial testimony described LVJCS as a “co-ownership” comprised of Marvin Kratter and Wilbur Oehler. After the three-year lease expired,…
3Cases cited11 opinions
- Helvering v. Southwest Consolidated Corp.Supreme Court of the United States · 1942
- Elijah v. FenderSupreme Court of Colorado · 1984
- Clark Equipment Co. v. Mastelotto, Inc.California Court of Appeal · 1978
- Jones v. Bank of NevadaNevada Supreme Court · 1975
- American Federation of Musicians v. Reno's Riverside Hotel, Inc.Nevada Supreme Court · 1970
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4Cited by8 opinions
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- Crockett & Myers, Ltd. v. Napier, Fitzgerald & Kirby, LLPCourt of Appeals for the Ninth Circuit · 2009
- NetBank, FSB v. Kipperman (In Re Commercial Money Center, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2006
- Clark County School District v. Rolling Plains Construction, Inc.Nevada Supreme Court · 2001
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