(DOWNLOAD) "Mountain States Aviation Inc. v. Montgomery" by New Mexico Supreme Court ~ Book PDF Kindle ePub Free
eBook details
- Title: Mountain States Aviation Inc. v. Montgomery
- Author : New Mexico Supreme Court
- Release Date : January 15, 1962
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 62 KB
Description
Appellant bought an airplane, giving his note secured by chattel mortgage on the plane in the principal sum of $24,314.00 agreeing to make monthly payments, only one of which was made. Upon default, appellee repossessed the airplane in Farmington and with appellants consent took it to appellees showrooms in Denver for resale. There, appellant attempted for some three weeks to sell the airplane from the showroom floor. Being unable to sell it at retail, appellee asked for and received three bids, the highest of which ($13,825.00) was accepted. The sale was made to Combs Aircraft, Inc. The president of appellees corporation was also president of Combs Aircraft, Inc., the purchaser. Judgment was for the difference between the amount due and the resale price plus attorneys fees and expenses of repossession and sale.