Bailey v. Turner (In Re Turner)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding the valuation of the debtor’s interest was a sufficient red flag that required further inquiry
• adopting the three-factor test for reasonable reliance set forth by In re Cohn
• on notice of a red flag a key factor in determining reasonable reliance
• “The reasonableness of a creditor's reliance under § 523(a)(2)(B) is judged by an objective standard, i.e., that degree of care which would be exercised by a reasonably cautious person in the same business transaction under similar circumstances.”

Source: CourtListener parenthetical corpus (CC0).