Salisbury Livestock Company v. Colorado Central Credit Union
Wyoming Supreme Court
793 P.2d 470 (1990)
Relevant factsFree
When George Salisbury III defaulted on a loan from Colorado Central Credit Union (Colorado Central) (defendant) secured by vehicles, Colorado Central's repossessor entered the ranch of Salisbury Livestock Company (SLC) (plaintiff), a separate family business, at dawn and repossessed the vehicles from an area near the ranch home without notice or confrontation. SLC sued for wrongful repossession and trespass; the trial court directed a verdict for Colorado Central, and SLC appealed.
IssueFree
Whether, under the Uniform Commercial Code, a creditor may repossess a defaulting debtor's collateral by trespassing upon premises in a breach of the peace.