Florida Zippo, Inc. v. Prudential Insurance Co. of America
Florida District Courts of Appeal
Florida Zippo, Inc. v. Prudential Insurance Co. of America, 579 So. 2d 192 (1991)
1991 Fla. App. LEXIS 3541; 1991 WL 55701
Baskin, Cope, Gersten
Florida Zippo, Inc. v. Prudential Insurance Co. of America
Opinion of the Court
Appellant, Florida Zippo, Inc., appeals a partial summary judgment of foreclosure. We affirm.
Only a debtor can give a lender the power to accelerate a debt, see, e.g., Morse v. City Federal Savings and Loan Association, 567 F.Supp. 699 (S.D.Fla. 1983), and only when the option is exercised in an effective manner does acceleration take place. See, e.g., David v. Sun Federal Savings and Loan Association, 461 So.2d 93 (Fla. 1984).
Affirmed.
Reference
- Full Case Name
- FLORIDA ZIPPO, INC. v. The PRUDENTIAL INSURANCE COMPANY OF AMERICA
- Cited By
- 1 case
- Status
- Published