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UNIVEX INTERN. v. ORIX CREDIT AL.

No. 95SC284.

914 P.2d 1355 (1996)

UNIVEX INTERNATIONAL, INC.; and CPC, Inc., n/k/a Data Packaging Corporation, Petitioners, v. ORIX CREDIT ALLIANCE, INC., Respondent.

Supreme Court of Colorado, En Banc.

April 22, 1996.

Attorney(s) appearing for the Case

Quiat, Schlueter, Mahoney & Ross, P.C., Laurin D. Quiat, Denver, for Petitioners.

Parcel, Mauro, Hultin & Spaanstra, P.C., Edward W. Stern, Laurie L. Korneffel, Denver, for Respondent.

Chief Justice VOLLACK delivered the Opinion of the Court.

We granted certiorari to review the court of appeals' decision in Univex International, Inc. v. Orix Credit Alliance, Inc., 902 P.2d 877 (Colo.App.1995). The court of appeals held that the statute of frauds applicable to credit agreements, section 38-10-124(1)(a), 16A C.R.S. (1994 Supp.), precludes enforcement of an oral agreement to sell collateral which accompanies...

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