United Virginia Bank v. Dick Herriman Ford, Inc.
Virginia Supreme Court
215 Va. 373 (1974)
- Written by Josh Lee, JD
Facts
United Virginia Bank of Fairfax (plaintiff) entered into a contract with the Dick Herriman Ford, Inc. (defendant) car dealer. Under the contract, the dealer was required to record a first lien on the car title of a particular vehicle that had been purchased in favor of the bank. The dealer failed to do so, and the vehicle purchaser later defaulted on the car loan. Because the lien was not recorded, the bank did not have first priority on the vehicle. The bank sued the dealer, alleging breach of contract. The bank established the purchase price of the vehicle at the time of sale. The trial court ruled that the dealer breached the contract but granted summary judgment to the dealer because the bank failed to prove the value of the vehicle at the time that the vehicle purchaser defaulted. The bank appealed.
Rule of Law
Issue
Holding and Reasoning (Cochran, J.)
What to do next…
Here's why 832,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 46,500 briefs, keyed to 994 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.
