Reiber v. GMAC, LLC’s Empirical Analysis

Citation profile

11 federal appellate ·

Most-quoted passages

The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 23 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.

1. “[T]he definition of “purchase-money obligation,” the “price” of collateral or the “value given to enable” includes obligations for expenses incurred in connection with acquiring rights in the collateral, sales taxes, duties, finance charges, interest, freight charges, costs of storage in transit, demurrage, administrative charges, expenses of collection and enforcement, attorney’s fees, and other similar obligations. The concept of “purchase-money security interest” requires a close nexus between the acquisition of collateral and the secured obligation. Thus, a security interest does not qualify as a purchase-money security interest if a debtor acquires property on unsecured credit and subsequently creates the security interest to secure the purchase price.”

   4 later decisions quote this exact passage · from the majority
   e.g. Ford Motor Credit Co. v. Dale · Americredit Financial Services, Inc. v. Penrod

2. “is a purchase-money security interest ... to the extent that the goods are purchase-money collateral with respect to that security interest.”

   3 later decisions quote this exact passage · from the majority
   e.g. Reiber v. GMAC, LLC · In Re Penrod

3. “(1) where the obligor-the debtor-incurs an obligation as all or part of the `price' of the collateral, or (2) where `value' is given to enable the debtor to acquire the collateral.”

   2 later decisions quote this exact passage · from the majority
   e.g. Financial Federal Credit, Inc. v. Crane Consultants, LLC · In Re Peaslee