BodyFelt Mount

The Court of Appeals agreed with our client and interpreted a key statutory phrase for automobile surety bond coverage in the case Brasher’s Cascade Auto Auction, Inc. v. Guillermo Leon and Western Surety Company,  ___ Or App ___ (Dec 29, 2011).   Vicki Smith argued the case and our past colleague Pam Stendahl prepared the briefs.  One issue was the interpretation of the “inventory financing security interest” exception to a vehicle code violation, found at ORS 822.045(2).  The Court provided a much needed analysis of that exception.  The Court also agreed that the plaintiff’s loss did not arise from the bond principal’s failure to provide titles to vehicle purchasers.