From our private database of 14,000+ case briefs...
In re Architectural Millwork of Virginia, Inc.
United States Bankruptcy Court for the Western District of Virginia
226 B.R. 551 (1998)
Darryl Motley went to the Virginia Truck Center in Roanoke, Virginia to buy a truck for Architectural Millwork of Virginia, Inc. (Architectural) (defendant). Architectural entered the Truck Lease Agreement with Associates Leasing, Inc. (Associates) to finance the remaining $38,500 owed on the new Freightliner. The agreement included a final adjustment clause giving Architectural an option to purchase the Freightliner for $9,625, based on the truck’s residual value. Architectural also entered into a Conditional Sales Contract with River Ridge Supply to buy a Komatsu forklift. The Komatsu agreement provided that at the end of the lease term, Architectural could purchase the forklift for $1. River Ridge Supply assigned its interest to Associates. Architectural filed a Chapter 11 bankruptcy petition in the United States Bankruptcy Court for the Western District of Virginia. Associates moved to compel assumption or rejection of the leases and payment of the leases.
Rule of Law
Holding and Reasoning (Anderson, 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 200,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,000 briefs, keyed to 188 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.