Forman v. Stevens

How courts have described this case

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

• observing that under the contractual language required by the Holder Rule, “[i]f the cars [buyers] purchased turn out to be lemons and they assert a right to withhold payment against the sellers, they may also assert the same right against the assignees”
• noting plaintiff 's allegation \the apparentness (or lack thereof) of a violation should be ascertained in light of the knowledge that a reasonable assignee similarly situated to the defendants should have\
• “[T]he Holder Notice [ ] allow[s] the debtor to raise many claims and defenses against the assignee that he or she may have against the original seller.”
• “[Section] 1641(a) does not impose a duty of additional inquiry on assignees.”
• relying on “common industry practices”

Source: CourtListener parenthetical corpus (CC0).