Consumer transactions / by Michael M. Greenfield.
2003
KF1608 .G73 2003 (Map It)
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Items
Details
Title
Consumer transactions / by Michael M. Greenfield.
Published
New York, N.Y. : Foundation Press ; [St. Paul, Minn.] : Thomson/West, 2003.
Call Number
KF1608 .G73 2003
Edition
Fourth edition.
ISBN
1587785439
Description
xlvii, 841 pages ; 26 cm.
System Control No.
(OCoLC)52273377
Note
Includes index.
Series
Record Appears in
Table of Contents
Preface
Acknowledgments
Table of Cases
Table of Statutes
Table of Federal Rules and Regulations
Introduction
1
A.
Freedom of Contract and Government Intervention
1
B.
Types of Consumer Credit Transactions
3
Part I.
Problems in Formation
Chapter 1.
Deception--The Response of the Common Law
6
Jones v. West Side Buick Auto Co.
7
Vokes v. Arthur Murray, Inc.
16
Halpert v. Rosenthal
24
Ollerman v. O'Rourke Co., Inc.
32
Davey v. Brownson
47
Chapter 2.
Deception--Legislative Solutions at the Federal Level: The Federal Trade Commission Act
51
A.
Introduction
51
B.
The Meaning of "Deceptive Acts or Practices"
52
Charles of the Ritz Distributors Corp. v. FTC
52
In re International Harvester Co.
60
In re Leon A. Tashof
73
C.
Remedies Under the FTC Act
85
Warner-Lambert Co. v. FTC
86
D.
Topical Statutes
103
(1)
Odometer Fraud
103
Tusa v. Omaha Auto Auction, Inc.
106
Levine v. Parks Chevrolet, Inc.
109
(2)
Telemarketing
111
New York v. Financial Services Network, USA
113
Chapter 3.
Deception--Legislative Solutions At The State Level
120
A.
Comprehensive Statutes
120
Searle v. Exley Express, Inc.
120
Weitzel v. Barnes
129
Weigel v. Ron Tonkin Chevrolet Co.
134
Golt v. Phillips
141
Fenwick v. Kay American Jeep, Inc.
145
B.
Topical Statutes
155
(1)
Referral Sales
156
(2)
Regulation of a Trade or Industry
157
C.
Preemption
164
Jones v. Rath Packing Co.
164
Kellerman v. MCI Telecommunications Corporation
173
D.
Criminal Sanctions
180
Chapter 4.
The Need for Information
183
A.
Introduction to the Truth-in-Lending Act
183
B.
Scope of the Truth-in-Lending Act
188
C.
Timing of the Disclosure
190
D.
Content of the Disclosure
190
(1)
Closed-end Credit
191
(2)
Open-end Credit
195
Benion v. Bank One
196
(3)
Leases
203
(4)
Rent-to-Own
208
(5)
Clarity
210
E.
Advertising Credit Terms
213
F.
Enforcement of the Truth-in-Lending Act
216
G.
Magnuson-Moss Warranty Act
218
H.
Plain Language Laws
219
I.
Perspectives
220
Chapter 5.
Qualifying For Credit
223
A.
Introduction to the Fair Credit Reporting Act
223
Privacy Protection Study Commission, Personal Privacy in an Information Society (1977)
224
B.
Scope of the Act
228
Greenway v. Information Dynamics, Ltd.
228
C.
Obligations of Users of Consumer Reports
236
D.
Obligations of Creditors
238
E.
Obligations of Consumer Reporting Agencies
238
Austin v. Bankamerica Service Corp.
239
Koropoulos v. Credit Bureau, Inc.
242
F.
Credit Repair Organizations
258
G.
Preemption
259
Chapter 6.
Discrimination in Granting Credit
260
A.
Introduction to the Equal Credit Opportunity Act
260
B.
Prohibited Bases
264
Markham v. Colonial Mortgage Service Co., Associates, Inc.
264
C.
Reasons for Adverse Action
272
D.
Enforcement
279
Cherry v. Amoco Oil Co.
282
E.
Preemption
289
F.
Is It Working?
290
Part II.
Regulation of the Bargain
Chapter 7.
Quality Standards
294
A.
Introduction
294
B.
Strict Liability in Tort
295
Greenman v. Yuba Power Products, Inc.
295
C.
The Uniform Commercial Code and Contractual Modification of Quality Standards
308
Berg v. Stromme
311
Knipp v. Weinbaum
318
Murray v. Holiday Rambler, Inc.
322
D.
Beyond the UCC
335
(1)
Lemon Laws
335
(2)
Magnuson-Moss Warranty Act
339
(3)
Used Cars
346
(4)
The Next Step
347
(5)
The Standard of Quality: How High and How Precise?
362
E.
Services
363
Newmark v. Gimbel's, Inc.
363
Hoven v. Kelble
367
Chapter 8.
Limits on the Price of Credit
378
A.
Sale Credit and Loan Credit
378
B.
Ways of Presenting the Cost of Credit
380
C.
Judicial Interpretation of Rate Regulation Statutes
380
(1)
Loan or Forbearance
380
Carper v. Kanawha Banking and Trust Co.
380
(2)
Principal Amount and Duration of the Loan
393
Tri-County Federal Savings and Loan Association v. Lyle
393
(3)
Cost of the Loan
398
Equitable Life Assurance Society v. Scali
399
Martorano v. Capital Finance Corp.
405
Culpepper v. Inland Mortgage Corporation
413
(4)
Prepayment and Refinancing
420
Davis v. Hinton
420
In re Branch
424
(5)
Remedies
430
(6)
Open-end Credit
431
D.
The Broader Question
434
Wallace, The Uses of Usury: Low Rate Ceilings Reexamined
437
Chapter 9.
Other Limits on the Terms of the Deal
452
A.
Broadly Phrased Standards
452
Williams v. Walker-Thomas Furniture Co.
452
Cheshire Mortgage Service, Inc. v. Montes
456
Perdue v. Crocker National Bank
471
Commonwealth v. DeCotis
479
Letter From FTC to Consumer Subcommittee of Senate Committee on Commerce, Science, and Transportation
484
In re International Harvester Co.
490
Best v. United States National Bank
504
B.
Topical Statutes
511
(1)
Prohibition of Objectionable Terms
511
(2)
Regulation of Troublesome Transactions
513
Chapter 10.
Credit Insurance
517
A.
Introduction
517
B.
Excessive Coverage
518
C.
Coercion
521
In re Uslife Credit Corp.
526
Uslife Credit Corp. v. Federal Trade Commission
535
D.
Excessive Price
538
Robinson v. Rebsamen Ford, Inc.
541
Browder v. Hanley Dawson Cadillac Co.
543
Statutory and Administrative Price Controls
551
E.
Claims Abuse
557
F.
Refinancing
558
G.
Property Insurance
559
Part III.
Enforcement by the Creditor
Chapter 11.
Coercive Collection Tactics
564
A.
Common Law Limits
565
Public Finance Corp. v. Davis
565
Voneye v. Turner
575
B.
Statutory Intervention
582
(1)
Collection Practices
582
Jeter v. Credit Bureau, Inc.
589
(2)
Fair Credit Billing Act
601
Chapter 12.
Enforcement of the Security Interest
603
A.
Acceleration and the Definition of Default
606
Fontaine v. Industrial National Bank
606
B.
Repossession
615
Deavers v. Standridge
615
C.
Right to a Deficiency Judgment
622
Imperial Discount Corp. v. Aiken
623
Wilmington Trust Co. v. Conner
624
In re Ford Motor Co.
641
D.
Restrictions on the Use of Security Interests
644
E.
Leases
645
Chapter 13.
Other Contractual and Procedural Devices to Facilitate Collection
648
A.
Wage Assignments
648
B.
Agreements and Statutes Concerning Procedure
649
(1)
Confession of Judgment
649
(2)
Default Judgments
651
Vargas v. Allied Finance Co.
656
Schubach v. Household Finance Corp.
658
C.
Attorney's Fees
665
Peoples Finance and Thrift Co. v. Blomquist
665
New Finance, Ltd. v. Ellis
666
D.
Waiver of Exemptions
671
E.
Cosigners
672
Part IV.
Enforcement by the Consumer
Chapter 14.
Against Whom?
677
A.
Liability of the Franchisor for the Misconduct of the Franchisee
678
Drexel v. Union Prescription Centers, Inc.
679
B.
Liability of the Financer for the Misconduct of the Seller
695
(1)
Background
695
(2)
The FTC Rule
700
(a)
Transactions Covered
700
(b)
Consequences of Noncompliance
702
Iron and Glass Bank v. Franz
702
(c)
Effectiveness of the Rule
706
Ford Motor Credit Company v. Morgan
708
(3)
Credit Cards
715
(4)
Nature of the Claim or Defense
717
C.
Misconduct of the Financer or Other Third Parties
718
(1)
Financers
719
(2)
Real Estate Brokers
720
(3)
Endorsers
721
(4)
Corporate Officers and Directors
721
(5)
Others
722
(6)
Federal Trade Commission Act
722
Chapter 15.
Remedies
724
A.
Escape From the Deal
724
(1)
Transactions in Goods
724
Jones v. Abriani
724
(2)
Other Transactions
730
Mayfield v. Vanguard Savings and Loan Association
733
B.
Obtaining the Benefit of the Deal
738
(1)
Increasing the Recovery
739
(a)
Attorney's Fees
739
Postow v. Oriental Building Association
743
Freeman v. B and B Associates
759
(b)
Minimum Damages
767
Scott v. Western International Surplus Sales, Inc.
767
Harris v. Beneficial Finance Co.
772
(c)
Punitive Damages
774
Hibschman Pontiac, Inc. v. Batchelor
775
Jones v. Abriani
778
(2)
Reducing the Costs
786
(a)
Nonjudicial Mechanisms
786
Rollins, Inc. v. Foster
790
(b)
Enforcement by a Public Agency
796
Kugler v. Romain
798
(c)
Small Claims Courts
804
(d)
Class Actions
806
Edelman v. Lee Optical Co.
807
Brooks v. Midas-International Corp.
810
Parker v. George Thompson Ford, Inc.
815
Index
825