IN RE ARGO FINANCIAL, INC.

No. 02-30395.

337 F.3d 516 (2003)

In the Matter of: ARGO FINANCIAL, INC., Debtor. Advanta Auto Finance Corporation, Appellant, v. Sugarland Motor Company, Inc., doing business as Harvest Ford-Lincoln-Mercury, doing business as Harvest-Sugarland, Appellee.

United States Court of Appeals, Fifth Circuit.

July 8, 2003.


Attorney(s) appearing for the Case

Charles R. Penot, Jr., David S. Willenzik, McGlinchey Stafford, New Orleans, LA, for Appellant.

Lawrence R. Anderson, Jr., Seale, Smith, Zuber & Barnette, Baton Rouge, LA, for Appellee.

Before HIGGINBOTHAM, EMILIO M. GARZA, and DENNIS, Circuit Judges.


DENNIS, Circuit Judge:

Louisiana law gives a vendor the right to demand dissolution of a sale for nonpayment of the purchase price. In this case, an unpaid vendor sought to dissolve sales of movable property after the original purchaser had resold the movables to a third party in good faith. We hold, under these circumstances, that the vendor's exercising its right of dissolution could not impair the third party's rights in the movables. Accordingly, we reverse the...

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