DISCLAIMER: Any unofficial case summaries below are prepared by the clerk's office
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052778P.pdf 04/28/2006 Stephen Cordry v. Vanderbilt Mortgage
U.S. Court of Appeals Case No: 05-2778
Western District of Missouri
[PUBLISHED] [Gruender, Author, with Colloton and Heaney, Circuit Judges]
Civil Case - diversity. Grant of summary judgment on breach of contract
claim is affirmed, as plain language provided finance company with
discretion to lend less than 60-65 % of NADA value and discretion did
not render contract illusory; the practice or course of dealing did not bind
assignee of contract or alter terms of the agreement. Claim of
misrepresentation fails as assignee's intention to use its own program and
spreadsheet did not render false its promise to honor terms of the dealer
agreement. Evidence does not support finding of bad faith or
arbitrariness to support breach of implied covenant of good faith and fair
dealing.