In re Johnson (17-40105)
The Movant sought relief from the automatic stay. The issue before the Court was whether the agreement between the Debtor and the Movant was a lease or a security interest. The Movant argued Tennessee law governed the agreement by the operation of a choice-of-law provision in the contract. Tennessee law explicitly provides that a rental-purchase agreement is not a security interest. The Court agreed, finding the choice-of-law provision was enforceable.
File:
Judge:
Date:
Wednesday, June 13, 2018