Legal Opinion
Jonwilco, Inc. v. C.I.T. Financial Services
Court of Appeals of Texas
Decided October 27, 1983No. C14-82-653CVPublishedCited by 8 opinions
1Opinion of the Court
SEARS, Justice.
This is an appeal from a summary judgment in the principal amount of $7,228.16, $1,360.48 in interest and $1,288.30 in attorney fees. We affirm.
This appeal focuses on the defenses available to a debtor against an assignee and holder in due course of the secured party’s promissory note.
In 1976, Appellant purchased an air compressor from Gaedcke Equipment Company. Gaedcke allegedly represented that it was a new air compressor with a diesel engine which had been in use for just a short period of time. After nearly two years of use the compressor failed and it was taken in for…
2Cases cited6 opinions
- Great American Reserve Insurance Co. v. San Antonio Plumbing Supply Co.Texas Supreme Court · 1965
- Life Insurance Co. of Virginia v. Gar-Dal, Inc.Texas Supreme Court · 1978
- Hidalgo v. Surety Savings and Loan AssociationTexas Supreme Court · 1972
- Favors v. YaffeCourt of Appeals of Texas · 1980
- Ecurie Cerveza Racing Team, Inc. v. Texas Commerce Bank—SoutheastCourt of Appeals of Texas · 1982
1 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- In Re Gas Reclamation, Inc. Securities LitigationDistrict Court, S.D. New York · 1990
- Rieth-Riley Construction Co. v. First Security Bank (In Re Williams Bros. Asphalt Paving Co.)United States Bankruptcy Court, W.D. Michigan · 1986
- Federal Sav. and Loan Ins. Corp. v. WilsonDistrict Court, N.D. Texas · 1989
- Jones v. Missouri Savings Ass'n, Texas Court of Appeals, 5th District (Dallas)1988
- In re Gas Reclamation, Inc. Securities LitigationDistrict Court, S.D. New York · 1990
3 more not listed; retrieve them via the Exa API.