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Home / Opinion Digests / Commercial – Floor-Plan Financing – Used Car Sales (access required)

Commercial – Floor-Plan Financing – Used Car Sales (access required)

A Danville U.S. District Court says plaintiff used car wholesaler has sufficiently stated claims against defendant bank for conversion and other business torts, with allegations that plaintiff relied on the bank’s representations that it would leave 11 vehicles plaintiff sent to a dealer under their floor-plan financing arrangement on the dealer’s lot, and attempt to ...

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