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Us Bank

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Description

This appeal arises from a dispute over the ownership of motor vehicles. In November 2000, Unlimited, an automobile leasing company, and US Bank signed a Dealer Agreement whereby US Bank would provide funding for Unlimited's purchase of vehicles in exchange for an assignment of Unlimited's interest in the lease agreements to those vehicles. In September 2002, Unlimited approached Prestige Ford, a dealership in Garland, about purchasing eight Ford motor vehicles that it intended to then lease to STV, Inc. Unlimited and STV signed lease agreements for the vehicles that same month. The lease agreements required STV to make its payments to US Bank. STV took possession of the vehicles pending the sale from Prestige Ford to Unlimited. Prestige Ford contends it loaned the vehicles to STV pending the sale to Unlimited, and US Bank contends the delivery of the vehicles to STV was effectively the delivery to Unlimited pursuant to a sale.

Us Bank
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  • $0.99
  • Available on iPhone, iPad, iPod touch, and Mac.
  • Category: Law
  • Published: 26 August 2005
  • Publisher: LawApp Publishers
  • Seller: Innodata Book Distribution Services Inc
  • Print Length: 13 Pages
  • Language: English
  • Requirements: To view this book, you must have an iOS device with iBooks 1.3.1 or later and iOS 4.3.3 or later, or a Mac with iBooks 1.0 or later and OS X 10.9 or later.

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