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NOBLE v. BONNETT

No. 13532-PR.

118 Ariz. 397 (1978)

577 P.2d 248

William F. NOBLE and Virginia L. Noble, his wife, Appellants, v. Lila M. BONNETT, Appellee.

Supreme Court of Arizona, In Banc.

March 24, 1978.

Attorney(s) appearing for the Case

Hanley, Traub & Hanley by Ronald N. Hanley, Fairbury, Ill., Richard A. Gibson, Phoenix, for appellants.

Sullivan, Mahoney & Tang by Thomas Tang, John W. Rood, Phoenix, for appellee.

GORDON, Justice:

Contemporaneously with a loan of money and credit by Lila Bonnett, to her son, Louis, Louis transferred the title to his 1971 Dodge to Lila, the appellee herein. It was understood between the parties that Louis was to remain the owner of the car and that Lila was to hold the title in her name solely as a security device until Louis satisfied his obligations under the loans. Soon thereafter William and Virginia Noble, judgment creditors of Louis and...

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