Secured Party's Discretion in Payment Application Upheld
Synthèse Legislator
Généré par l'IAThe situation involved a dispute over the payment of an obligation secured by an instrument, where the obligor claimed that the secured party had improperly applied payments. The court reasoned that the evidence supported the finding that the secured party acted within its rights in allocating the payments because the underlying agreement provided the secured party with discretion over the application of partial payments, and the obligor failed to timely and adequately protest that application or prove any wrongful conduct in that allocation.
Regeste Legislator
Généré par l'IAArt. 66 al. 1 LTF; Secured Party's Discretion in Payment Application Upheld: The court reasoned that the evidence supported the finding that the secured party acted within its rights in allocating the payments because the underlying agreement provided the secured party with discretion over the application of partial payments, and the obligor failed to timely and adequately protest that application or prove any wrongful conduct in that allocation.
Mots-clés
Généré par l'IADispositions légales citées
Généré par l'IADécisions connexes
Généré par l'IAQuestions juridiques clés extraites par Legislator
Généré par l'IAApplied to order the appellant to pay the costs of the proceedings.
Texte complet
!"#$%"
&%"''"(&&)"&*'
&*"%+++++++
, ,-
!"#
)**+*!,+-.!''(+/*-.* /*0* 1* +23 4 5 6* *** + ) *)-*) 7 8*99999996*0+-**)0+-* * ** ** *: ;)<0 +-* * )0 / +-* * * ) 6): ;*)) ;) + +))7=+)/#,>*!''(?
/2@)*)**:.?
/ *>) + 8A 9999999 ,$ . !''(: - B * *7*+).7**;66+*6?
/)-**4 &/-.!''(:B;*)**-) ;++7**:B*/**)**B)?
*3
B ;* CC *) , * +) -***/ ,!+-.,$D&1 &,'5:66+*6?
B;7-E-*+**:;*)+-*2*+* ;66+*6?
B6*:B;*)E+.*+*/)+)+);F++: >***+:-+**)E0/- -):*;66+*61ACCA! 5?
B;*%%*),;)0;-**+ /)<* 7 ** *2 !( . ,$(C 1 4 (%,A&,5: **;+-**)0/./+-***+ -E- )0* /)<* ;* ++ +/: ; =: B;* G 20 ** B;* 7 -E- * ; 6H I/)<*)0*+B+-*/*E/.?
B ; + +)) 7 = 7 B * )* /B)#,>*!''(?
B;*)*6**7BE7**;66+*6:* .** 6* +* * 6: B - +B;E>);;*;****0?
"#$%&"!''( #"#
>-**J66+*6?
)/6*>B;7*>0)6?
* B: 6-)- @ * D! */ * 6)) *. 6)),(>*!''&1 K 4,(#A,,'5:+))**+E+) >B**/*6**+ / *.6)):+/* -*2*+.*?-)-****B*: -*6-F+/+*0-*?* * E ) *. 6)): ,''' ,%: + /* + + /* )*B @ ** J* %! KA +) )** +*2 +* : */B) -- -F +/: */ E >* 7 J/*?
--*B +) )**: +*: 7 8* 9999999 ** BJ /* -.*/*0*A
+)* *.-***63 KAF<2
+*6-)**))--*B)@+*A
2/: 066*23
"#$%&"!''(