Legal Opinion
Lloyd's Credit Corp. v. Marlin Management Services, Inc.
Supreme Court of Vermont
Decided July 2, 1992No. 90-311PublishedCited by 12 opinions
1Opinion of the CourtJohnson, J.
Plaintiff Lloyd’s Credit Corporation appeals from a superior court order holding that a check, written by defendant Marlin Management Services, Inc., and endorsed to Lloyd’s Credit by its wholly owned subsidiary, Hansman McAvoy Co., Inc., was not supported by consideration. We hold that there was consideration and reverse.
In September 1983, Air Vermont, Inc., purchased aircraft flight and liability insurance from Hansman McAvoy, an insurance agent and broker. Lloyd’s Credit advanced Hansman McAvoy the money for Air Vermont’s insurance premiums. Air Vermont executed a financing agreement…
2Cases cited14 opinions
- Hargrave v. Canadian Valley Electric Cooperative, Inc.Supreme Court of Oklahoma · 1990
- Brewer v. First National BankSupreme Court of Virginia · 1961
- Quazzo v. QuazzoSupreme Court of Vermont · 1978
- Affiliated Enterprises, Inc. v. WallerSuperior Court of Delaware · 1939
- H. P. Hood & Sons v. HeinsSupreme Court of Vermont · 1964
9 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Bergeron v. BoyleSupreme Court of Vermont · 2003
- P.F. Jurgs & Co. v. O'BrienSupreme Court of Vermont · 1993
- Weed v. WeedSupreme Court of Vermont · 2008
- Darren COUTURE v. Britini TRAINER and Caitlyn TrainerSupreme Court of Vermont · 2017
- Ferrisburgh Realty Investors v. SchumacherSupreme Court of Vermont · 2010
7 more not listed; retrieve them via the Exa API.