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REVERSED

C.F. Garcia Enterprises v. Enterprise Ford Tractor

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Current status: REVERSED
As of: Jan 10, 1997
Source: SUPREME COURT OF VIRGINIA · DOCKET 960616 ↗

Why this status appears

Status is derived only from narrow phrases in the court’s verbatim disposition or latest 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 plai…

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