O'Regan Chevrolet Buick GMC Cadillac Limited v. Billingsley
Because the Claimant represented the Defendant would be given an opportunity to arrange for takeover of the lease, the Defendant relied on that representation to his detriment, and the Claimant then sold the vehicle without reasonable notice, the Claimant is estopped from enforcing the deficiency claim; the claim is dismissed.
Source excerpt
- Guarantor liability
- Repossession and resale
- Equitable estoppel
- Forbearance
- Deficiency claim