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· 1/31/1966

Norton v. Nat. Bank of Commerce of Pine Bluff

Citations

  • 398 S.W.2d 538
  • 240 Ark. 143
  • 3 U.C.C. Rep. Serv. (West) 119
  • 1966 Ark. LEXIS 1270

How courts have described this case

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

  • holding that \or other performance\ includes a conditional duty of payment within the definition of \debtor.\
  • holding that \or other performance\ includes a conditional duty of payment within the definition of `debtor.'
  • presuming collateral was worth at least amount of the debt and shifting to creditor burden to prove amount that would have been obtained through a sale conducted under law
  • recognized market exception applies where sales involve many items so similar that differences immaterial or nonexistent
  • guarantor is debtor for purposes of Arkansas commercial code and may not, prior to default, waive reasonable notice of disposition of collateral
  • used automobiles are not \of a type customarily sold in a recognized market\ for notice purposes

Source: CourtListener parenthetical corpus (CC0).

Judges: George Rose Smith

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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.