Multibank National of Western Massachusetts, N.A. v. State Street Auto Sales, Inc. (In Re State Street Auto Sales, Inc.)

How courts have described this case

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

• ruling that consignor must establish the majority of creditors in number, not amount of claims
• finding that even if general knowledge prong met, consignor still has to prove the substantially engaged prong to prevail
• determining that a secured creditor was not equitably estopped from asserting its interest in consigned goods based on its actual knowledge of the debtor's consignment arrangements
• goods held on consignment comprising only about 20% of total inventory deemed insufficient to consider debtor as being substantially engaged in selling the goods of others
• consignor must establish number of creditors in number not amount of claims

Source: CourtListener parenthetical corpus (CC0).