(DOWNLOAD) "Guy Martin Buick Inc. v. Colorado Springs National Bank" by Colorado Supreme Court * eBook PDF Kindle ePub Free
eBook details
- Title: Guy Martin Buick Inc. v. Colorado Springs National Bank
- Author : Colorado Supreme Court
- Release Date : January 19, 1974
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 72 KB
Description
No dispute exists regarding the facts which brought about this litigation. On or about May 15, 1970, Guy Martin Buick contracted to sell, and Mark III agreed to purchase, three used automobiles for $2500 in cash. On the same day, Guy Martin Buick delivered the automobiles to Mark III and received Mark IIIs check for $2700, drawn on the Colorado Springs National Bank, which was payable on demand. As part of the sale agreement, the certificates of title to the automobiles were not to be delivered until Guy Martin Buick could obtain a certificate of title covering one of the three automobiles from Maryland, where the automobile was originally registered. On May 18, 1970, three days after the sale, Mark III contacted the Colorado Springs National Bank and requested a loan of $2500 to cover the purchase price of the automobiles. The bank, while processing Mark IIIs loan application, contacted Guy Martin Buick to confirm that the sale had taken place and to notify Guy Martin Buick of the banks intention to take a security interest in the automobiles, if the bank made a loan to Mark III.