× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Humanities Legal Studies
New Topic  
ac22888 ac22888
wrote...
Go to Answer
Posts: 328
Rep: 0 0
6 years ago
Repossession. Leroy Headspeth bought a car under an installment sales contract that expressly permitted the creditor to repossess the car if the debtor defaulted on the payments. The seller assigned the contract to Mercedes Benz Credit Corp (MBCC). When Headspeth defaulted on the payments, an agent of Laurel Adjustment Bureau, Inc (LAB), went onto Headspeth's property and repossessed the car on MBCC's behalf. Headspeth filed a suit against MBCC and LAB, contending in part that LAB trespassed onto his property to retake the car and that therefore the repossession was wrongful. Headspeth admitted that the repossession occurred without confrontation. Can a secured creditor legally retake possession of collateral, on the debtor's default, by entering onto the debtor's land, or would that be an illegal breach of the peace? How will the court rule? Explain.
Read 39 times
1 Reply
Replies
Answer verified by a subject expert
Techflow21Techflow21
wrote...
#1
Posts: 237
Rep: 0 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
This verified answer contains over 170 words.
1

Related Topics

ac22888 Author
wrote...

6 years ago
this is exactly what I needed
ky
wrote...

Yesterday
Helped a lot
ofsuahasiufhoas
wrote...

2 hours ago
Thanks for your help!!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1116 People Browsing
 120 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 604
  
 10011
  
 67
Your Opinion
Where do you get your textbooks?
Votes: 328
Previous poll results: Does a gender wage gap exist in America?