(DOWNLOAD) "William F. Trimble v. Sonitrol Memphis" by Western Section Court of Appeals of Tennessee " Book PDF Kindle ePub Free
eBook details
- Title: William F. Trimble v. Sonitrol Memphis
- Author : Western Section Court of Appeals of Tennessee
- Release Date : January 18, 1986
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 70 KB
Description
This case involves a secured transaction in connection with the sale of two corporations. The first corporation was sold for $100 via an asset purchase agreement, and the second corporation was sold for over a million dollars for which promissory notes were executed by the second corporation. These notes were secured by a security interest in the assets of both corporations. As additional security for the notes, the stock of the second corporation was to be delivered to an escrow agent. Upon the defendant corporations failure to make a payment on the notes, the plaintiff repossessed the collateral, sold the collateral of one corporation and sought approval for sale of the collateral of the second. After a protracted series of pleadings, countercomplaints, motions, and hearings, in which the claims of other secured creditors of the defendant corporations were bifurcated for another trial, the court found that the plaintiff had sold one corporation in a commercially reasonable manner and approved the sale of the second.
 "William F. Trimble v. Sonitrol Memphis" by Western Section Court of Appeals of Tennessee " Book PDF Kindle ePub Free){kind=link}