Legal Opinion
Liles Bros. & Son v. Wright
Tennessee Supreme Court
Decided September 7, 1982PublishedCited by 5 opinions
1Opinion of the Court
OPINION
BROCK, Justice.
The issue in this case is whether the defendant, Carl Wright, is a bona fide purchaser for value.
The case arises from the business activities of Tony Mangum which transpired during the fall of 1977 in western Tennessee and Kentucky. Mangum bought heavy equipment on credit from a number of dealers throughout the area and then resold this equipment to others at substantial discounts. Upon cessation of his activities, he owed local dealers in excess of $300,000.00.
The plaintiff, Liles Bros. & Son, is a Case equipment dealer in Jackson, Tennessee. On November 25, 1977,…
2Cited by5 opinions
- Marlow v. Oakland Gin Co. (In Re Julien Co.)United States Bankruptcy Court, W.D. Tennessee · 1991
- Jernigan v. HamCourt of Appeals of Tennessee · 1984
- Ledbetter v. Darwin Dobbs Co., Inc.Court of Civil Appeals of Alabama · 1985
- North Georgia Toyota v. Jahn (In Re Tom Woods Used Cars, Inc.)United States Bankruptcy Court, E.D. Tennessee · 1982
- Ballard v. WetzelCourt of Appeals of Tennessee · 1997