Legal Analysis
Legal analysis from Dean's Law Dictionary will be displayed here.
Nature Of The Case
This section contains the nature of the case and procedural background.
Facts
Moe (P) purchased a new tractor from Deere (D) and financed the transaction. P was late with his payments and made partial payments, but P and D agreed that P could make the payments under a new schedule. That schedule was missed, and eventually, a representative of D agreed that P could pay a partial payment and that D would allow P to pay the rest when he started to harvest. No date was specified as to when the partial payment was due. D then repossessed the tractor without warning. P did not receive notice of the repossession because he was in Oklahoma. D then assigned P's contract to Implement. P finally got notice of the intent to repossess 19 days later. Implement sold the tractor for $44,000 and paid D in full and applied to proceeds to P's lender. P sued D for wrongful repossession, fraudulent repossession, commercially unreasonable sale, and failure to account for the surplus. D moved for partial summary judgment on the third and fourth issues. The trial court gave D the motion and P appealed.
Issues
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Holding & Decision
The court's holding and decision will be displayed here.
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