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· 5/7/1975

Clark Leasing Corp. v. White Sands Forest Products, Inc.

Citations

  • 535 P.2d 1077
  • 87 N.M. 451

How courts have described this case

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

  • recognizing that motions for directed verdicts are not normally directed to bits and pieces of an action
  • burden of proof upon creditor in suit for deficiency judgment to show that sale was commercially reasonable in all aspects
  • secured party’s failure to dispose of collateral in a commercially reasonable manner does not result in forfeiture of right to deficiency, but only requires reduction of the claimed deficiency by the amount of any loss occasioned by such failure
  • the payment by obligor of a liquidated sum he is already legally bound to pay is not a sufficient consideration for the promise of the obligee to accept payment in satisfaction of an unpaid balance that is in dispute
  • interpreting U.C.C. 9-504(3) which parallels SDCL 57A-9-504(3)
  • interpreting U.C.C. 9-504(3) which parallels SDCL 57A-9-504(3)

Source: CourtListener parenthetical corpus (CC0).

Judges: Stephenson, Oman, Martinez

Read full opinion on CourtListener

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.