DISCLAIMER: Any unofficial case summaries below are prepared by the clerk's office
as a courtesy to the reader. They are not part of the opinion of the court.
023370P.pdf 12/08/2003 John R. Beardmore v. American Summit
U.S. Court of Appeals Case No: 02-3370
and No: 02-3371
District of Minnesota
Civil Case - declaratory judgment. Secured creditor sold collateral in
commercially unreasonable manner and is deemed to retain collateral in
satisfaction of debt. District court's grant of summary judgment
awarding deficiency judgment is reversed. Under Texas law at the time,
secured creditor is barred from seeking deficiency judgment; creditor is
also precluded from foreclosing on the real estate. Other issues
remanded.