Legal Opinion
Dorman v. Morris
Court of Appeals of Wisconsin
Decided November 3, 1994No. 92-2727PublishedCited by 1 opinion
1Opinion of the CourtSchudson, J.
Gerald Morris appeals from a grant of summary judgment to the plaintiffs, who were secured creditors who brought a separate, independent action for money damages against Morris while holding collateral pledged by Morris. We conclude that a secured creditor can retain a debtor's collateral while seeking an independent action for a money judgment. We affirm.
The following facts are undisputed. In March of 1990, Morris received a loan from First Wisconsin National Bank for $150,000. The plaintiffs, through their partnership, Falcon Investments, guaranteed the loan. To induce the plaintiffs to…
2Cases cited9 opinions
- Green Spring Farms v. KerstenWisconsin Supreme Court · 1987
- Grams v. BossWisconsin Supreme Court · 1980
- McCullough v. Mobiland, Inc.Court of Appeals of Georgia · 1976
- ITT Terryphone Corp. v. Modems Plus, Inc.Court of Appeals of Georgia · 1984
- Chrysler Credit Corp. v. Dioguardi Jeep Eagle, Inc.Appellate Division of the Supreme Court of the State of New York · 1993
4 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Okefenokee Aircraft, Inc. v. Primesouth BankCourt of Appeals of Georgia · 2009