FIRST NAT. BANK IN STAUNTON v. McBride Chevrolet, Inc.

How courts have described this case

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

• “[A]ll actions which depend for their existence upon an oral credit agreement are barred by the Act.”
• “We recognize such an interpretation causes a harsh result for bank customers in some circumstances. The [ICAA] is very broadly worded, however, and dictates such a result”
• “There is no limitation as to the type of actions by a debtor which are barred by the Act, so long as the action is in any way related to a credit agreement”
• “We recognize such an [broad] interpretation [of the ICAA] causes a harsh result for bank customers in some circumstances. The Act is very broadly worded, however, and dictates such a result.”
• “The ICAA’s writing requirement is a strong form of the statute of frauds.”

Source: CourtListener parenthetical corpus (CC0).