Did the bank give lallana proper notice of the sale

Assignment Help Management Theories

Reference no: EM131379078

Lallana bought a car on credit from a dealer who assigned the contract and the security agree ment to Bank of America. When Lallana failed to make several payments, the bank repossessed the car. The bank notified Lallana that if she did not redeem the car or reinstate the contract within 15 days, it would sell the car.

The bank then sold the car at a public auction for $5,000 and sued Lallana for $11,249, the balance due on her loan. The Kelly Blue Book's estimated retail value of the car at the time of the auction was $14,820. Did the bank give Lallana proper notice of the sale? Why or why not?

Bank of America v. Lallana, 960 P.2d 1133 (CA).

Reference no: EM131379078

Questions Cloud

Discuss why he uses each appeal : discuss why he uses each appeal at that specific point in the essay - Please read "Letter from Birmingham Jail" looking closely for examples of Dr. King's use of Ethos, Pathos, and Logos to make his argument.

What might explain the strong correlation : Height and reading. A researcher studies children in elementary school and finds a strong positive linear association between height and reading scores.

What article in us constitution established federal courts : What article in the U.S. Constitution established the federal court system and which court is named in that article? Explain.- What article in the U.S. Constitution established federal bankruptcy courts? Explain.

Write a memo to the website designers : Write a memo to the website designers explaining at least four flaws that you have discovered. Describe what is causing each problem and offer suggestions on how to fix it.

Did the bank give lallana proper notice of the sale : The Kelly Blue Book's estimated retail value of the car at the time of the auction was $14,820. Did the bank give Lallana proper notice of the sale? Why or why not?

Discuss the presence of multicollinearity : Discuss the presence of multicollinearity. Evaluate the strength of evidence for the presence of multicollinearity. On the basis of this, should we turn to principal components analysis?

Find an example of science : write about the topic focus on why it stood out to you. All submissions must be a minimum of 100 words - What have you learned new so far (chapters 4-5)? Identify a concept/s that you were never aware of or have had more clarity provided by enrolli..

Do you agree with the given statement : The landlord claimed priority over the bank for the proceeds of a sheriff's sale of the machinery and equipment, arguing that the bank's security interest was not perfected. Do you agree? Why or why not?

Was gray correct in given case : Gray argued that because the financing statement had not been filed, Giant's security interest had not been per fected. Was Gray correct? Explain.

User Account

All Pages