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"On Memo" jewelry sales
Answer: general unsecured creditor unless provisions of Ca law re: formal
consignment are met. Could be in Civ Code or Commercial Code.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
Jon Hayes
Sent: Friday, April 18, 2008 1:38 PM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] "On Memo" jewelry sales
Suppose jeweler-vendor sells inventory "on memo" to jeweler-retailer.
Does the seller have any rights beyond a simple unsecured creditor? I
know that it might be a consignment or a bailment or something but I'm
hoping someone knows specifically some case or code section dealing
with the rights of the seller when the sale is "on memo." Thanks.
M. Jonathan Hayes
Certified Bankruptcy Specialist
jhayes@polarisnet. net
21800 Oxnard St. Suite 840
Woodland Hills, CA 91367
(818) 710-3656
(818) 710-3659 fax
(818) 402-7537 cell
www.lawprofessorblogs.com
If you have received this message in error, please call (818) 710-3656
and notify me of that fact and destroy all copies of this message."
Thank you.
Message
Answer: general unsecured
creditor unless provisions of Ca law re: formal consignment are met. Could
be in Civ Code or Commercial Code.
David A.
Tilem
Certified Bankruptcy
Specialist*
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Sounds like the fact pattern of Irving's Grand Chevrolet case; there
were several published opinions.
Wesley H. Avery, Esq.
Roquemore, Pringle & Moore, Inc.
6055 E. Washington Blvd., Ste. 608
Los Angeles, CA 90040-2466
wavery@rpmlaw.com
http://www.rpmlaw.com
(323) 724-3117 x 320 (direct)
(323) 724-5410 (fax)
(661) 618-7376 (cell)
(323) 919-9336 (blackberry)
Certified Specialist
Bankruptcy Law
State Bar of California
Board Certified
Business Bankruptcy Law
American Board of Certification
________________________________
The post was migrated from Yahoo.
Suppose jeweler-vendor sells inventory "on memo" to jeweler-retailer.
Does the seller have any rights beyond a simple unsecured creditor? I
know that it might be a consignment or a bailment or something but I'm
hoping someone knows specifically some case or code section dealing
with the rights of the seller when the sale is "on memo." Thanks.
M. Jonathan Hayes
Certified Bankruptcy Specialist
jhayes@polarisnet.net
21800 Oxnard St. Suite 840
Woodland Hills, CA 91367
(818) 710-3656
(818) 710-3659 fax
(818) 402-7537 cell
www.lawprofessorblogs.com
If you have received this message in error, please call (818) 710-3656
and notify me of that fact and destroy all copies of this message."
Thank you.
The post was migrated from Yahoo.