James Koontz purchased a Plymouth Sundance from Chrysler Credit Corporation (Chrysler) in exchange for sixty payments of

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James Koontz purchased a Plymouth Sundance from Chrysler Credit Corporation (Chrysler) in exchange for sixty payments of $185.92. Koontz soon defaulted, and Chrysler notified Koontz that, unless he made the payments, it would repossess the vehicle. Koontz responded by notifying Chrysler that he would make every effort to make up missed payments, that he did not want the car repossessed, and that Chrysler was not to enter his private property to repossess the vehicle. A few weeks later, Chrysler sent the M & M Agency to repossess the vehicle. Koontz, dressed only in his underwear, came outside and yelled, ‘‘Don’t take it!’’ The re-possessor ignored him and took the car anyway. Koontz did not physically challenge or threaten the re-possessor. Discuss whether Chrysler legally repossessed the automobile.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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