Opinion · Supreme Court of the United States
Barden v. Junior College District No. 520
Barden v. Junior Coll. Dist. No. 520, 406 U.S. 920 (1972)
- Type
- Opinion
- Court
- Supreme Court of the United States
- Jurisdiction
- Federal
- Date
- 1972-05-15
- Topic
- general
How later courts describe this case
- cash from second mortgage on residence to meet payments on investment property is not consumer transaction
- where transaction was for a business purpose, statute providing for right of rescission was not applicable, even though mortgage was placed on property
- cash from second mortgage on personal residence to meet payments on rental property is a commercial transaction
- truck purchase for personal as well as business use is a consumer credit transaction
- cash used to make payments on an investment property is not a consumer loan
- crew member aboard vessel was crushed when operator of a platform crane lost control of a welding machine; indemnify agreement did not contemplate this type of injury caused during unloading
- mortgage placed on debtor’s own residence in order to avoid foreclosure on rental property they owned was not consumer transaction but was to extend a past due obligation on investment property and hence was commercial
Citator
UpLaw has not yet analyzed Barden v. Junior College District No. 520. The absence of a flag is not a finding that it is good law.
- Cited by
- 97 opinions
App. Ct. Ill. 3d Dist. Certiorari denied.