(Download) "Siboney Corporation v. Chicago Pneumatic Tool Co." by Houston (1St Dist.) Court of Civil Appeals of Texas " Book PDF Kindle ePub Free
eBook details
- Title: Siboney Corporation v. Chicago Pneumatic Tool Co.
- Author : Houston (1St Dist.) Court of Civil Appeals of Texas
- Release Date : January 25, 1978
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 67 KB
Description
Siboney Corporation appeals from the granting of a deficiency judgment in favor of Chicago Pneumatic Tool Company, the owner and holder of a note. Chicago Pneumatic repossessed the collateral for the note, held a public sale and then brought this action for the deficiency. The jury found that Chicago Pneumatic sent reasonable notice of the sale to Siboney, declined to find that Chicago Pneumatic failed to act in a commercially reasonable manner or that the $100,000 received for the collateral was grossly inadequate but found that the fair market value of the equipment at the time of the sale was $150,000. The court entered judgment on this verdict in favor of Chicago Pneumatic for the amount of the deficiency plus interest and attorneys fees. Siboney argues on appeal that the notice was insufficient, so the sale was not commercially reasonable as a matter of law, that the sale price was grossly inadequate as a matter of law, that the findings as to commercial reasonableness and as to adequacy of the sale price were not supported by the evidence, and that a remittitur should be ordered. Appellant also claims that the appellee failed to rebut a presumption that the value of the collateral equals the debt. We affirm.
 "Siboney Corporation v. Chicago Pneumatic Tool Co." by Houston (1St Dist.) Court of Civil Appeals of Texas " Book PDF Kindle ePub Free){kind=link}