Adiel v. Chase Federal Savings & Loan Association

810 F.2d 1051 (1987)

Study Aids
Case Briefs Overview
Casebooks
Case Briefs
A
From our private database of 46,300+ case briefs, written and edited by humans—never with AI.

Adiel v. Chase Federal Savings & Loan Association

United States Court of Appeals for the Eleventh Circuit
810 F.2d 1051 (1987)

AR

Facts

Adiel (plaintiff) entered into a contract for Lakeridge to build him a townhouse. Shortly thereafter, Lakeridge applied for a mortgage from Chase Federal Savings & Loan Association (defendant). Chase did not hold Lakeridge to strict compliance with the loan’s terms, and the agreement between Lakeridge and Adiel provided for a penalty if Adiel secured a mortgage from other than Chase. Adiel then applied for a mortgage from Chase, and Chase unilaterally inserted the earlier mortgage into the agreement. Chase then notified Adiel that he was approved to assume the Lakeridge mortgage. Finally, Adiel became the primary obligor under the Lakeridge loan. Adiel sued Chase, arguing that he had not been presented with documents required by the Truth in Lending Act. The district court ruled in Adiel’s favor, and Chase appealed. Chase argued that the act did not apply because the loan was made to Lakeridge for a business purpose and Adiel’s assumption was not a new transaction within the meaning of the act.

Rule of Law

Issue

Holding and Reasoning (Hatchett, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 812,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.

    Unlock this case briefRead our student testimonials

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.

    Learn about our approachRead more about Quimbee

Here's why 812,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 46,300 briefs, keyed to 988 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 812,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 46,300 briefs - keyed to 988 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership

Casebooks

Consumer Law

Key Terms