6 May 2008
HEATH AND MELTZER V G E FINANCE AND INSURANCE HC AK CIV 2007-404-007599
- Citation
- openlaw-652a4d34_ea50_4ac6_aa35_5c391866a773.pdf
- Court
- High Court
No trust was created by the parties' correspondence and G E did not advance monies to Phoenix nor properly exercise a security in respect of the trucks; G E abandoned available judicial remedies and did not resist Mallon J's order setting aside the GSA and cross guarantee; consequently G E has no entitlement to the $61,661.12 sale proceeds which must be distributed in the liquidation estate.