The caption
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State court of last resort · ST-VA-SC
C.F. Garcia Enterprises v. Enterprise Ford Tractor
No. 960616Supreme Court of Virginia
960616 C.F. Garcia Enterprises v. Enterprise Ford Tractor 01/10/1997 Since a contract provision which allowed a party to purchase a piece of construction equipment for $1 after having made all monthly payments…
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960616 C.F. Garcia Enterprises v. Enterprise Ford Tractor 01/10/1997 Since a contract provision which allowed a party to purchase…
- Court
- Supreme Court of Virginia
- First seen
- Oct 4, 2026
- Last entry
- Jan 10, 1997
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Docket entry
960616 C.F. Garcia Enterprises v. Enterprise Ford Tractor 01/10/1997 Since a contract provision which allowed a party to purchase a piece of construction equipment for $1 after having made all monthly payments established as a matter of law that the contract was a security agreement rather than a lease, the defendant was not entitled to seize and sell the equipment after all the payments had been made. The trial court's judgment is reversed and the case is remanded for determination of the plaintiff's damages.
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