Addison v. Burnett’s Empirical Analysis
1996
Citation profile
2 federal appellate · 4 district ·
How this case has been cited
Cited by 16 later decisions — most recently August 2014
2 federal appellate · 4 district ·
Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.
Relationships
Relies on In the Matter of Spencer Jerome Tillery, Bankrupt. Bill Swad Leasing Company v. Henry A. Stikes, Sr., Trustee · Kimco Leasing, Inc. v. State Board of Tax Commissioners · Tulsa Port Warehouse Company Inc v. General Motors Acceptance Corporation · 35 Mass. App. Ct. 57 - Carlson v. Giacchetti · Commercial Credit Equipment Corp. v. Parsons
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 16 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“(b) Whether a transaction creates a lease or security interest is determined by the facts of each case. However, a transaction creates a security interest if the consideration the lessee is to pay the lessor for the right to possession and use of the goods is an obligation for the term of the lease not subject to termination by the lessee, and any of the following conditions applies: (i) The original term of the lease is equal to or greater than the remaining economic life of the goods. (ii) The lessee is bound to renew the lease for the remaining economic life of the goods or is bound to become the owner of the goods. (iii) The lessee has an option to renew the lease for the remaining economic life of the goods for no additional consideration or nominal additional consideration upon compliance with the lease agreement. (iv) The lessee has an option to become the owner of the goods for no additional consideration or nominal additional consideration upon compliance with the lease agreement.”
1 later decision quote this exact passage“At common law, the central feature of a true lease is the reservation of an economically meaningful interest to the lessor at the end of the lease term. Ordinarily this means two things: (1) at the outset of the lease the parties expect the goods to retain some significant residual value at the end of the lease term; and (2) the lessor retains some entrepreneurial stake (either the possibility of gain or the risk of loss) in the value of the goods at the end of the lease term. Huddleson, 39 Ala. L.Rev. at 625.”
1 later decision quote this exact passage“[a] transaction does not create a security interest merely because it provides that ... the present value of the consideration the lessee is obligated to pay the lessor for the right to possession and use of the goods is substantially equal to or is greater than the fair market value of the goods at the time the lease is entered into.”
1 later decision quote this exact passage
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.