From our private database of 14,100+ case briefs...
East Providence Credit Union v. Geremia
Rhode Island Supreme Court
239 A.2d 725 (1968)
The Geremias (defendants) took out a loan from the East Providence Credit Union (EPCU) (plaintiff) in exchange for a promissory note. The note was secured by a mortgage on the Geremias’ ranch wagon. The mortgage required that the Geremias have insurance on the vehicle, and that if they did not maintain insurance, EPCU could pay the insurance premium and apply that amount to the Geremias’ loan. If this occurred, EPCU could also calculate interest and add that to the loan as well. The Geremias bought an insurance policy, but their payments became overdue. The insurance company sent a cancellation notice to the Geremias and to EPCU, alerting them both of the overdue amount. EPCU then wrote a letter to the Geremias stating that if they did not pay the overdue balance, EPCU would pay it and apply the payment to the loan. The Geremias consented to EPCU paying the outstanding balance on the insurance policy. About two months later, the Geremias’ vehicle was in an accident and was totaled. However, EPCU had never paid the overdue balance on the insurance policy, and the insurance company had cancelled the policy as a result. The value of the totaled vehicle was more than the amount the Geremias owed on the loan. EPCU brought suit to recover the outstanding balance on the loan. The trial court dismissed the claim. EPCU appealed.
Rule of Law
Holding and Reasoning (Kelleher, J.)
What to do next…
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 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
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. Read more about Quimbee.
Here's why 220,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,100 briefs, keyed to 189 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.