Legal Opinion
Collins v. Environmental Systems Co.
Court of Appeals for the Eighth Circuit
Decided August 12, 1993No. Nos. 92-3519, 92-3521PublishedCited by 2 opinions
1Opinion of the Court
MORRIS SHEPPARD ARNOLD, Circuit Judge.
Financial Placements and Donald Collins appeal judgments of the trial court1 that claims related to two promissory notes and a stock transfer are barred by the statute of limitations. We affirm the judgments.
I
In 1972, Pollution Controls, Inc. (PCI), was operating a facility in Minnesota that disposed of hazardous waste. The company was in perilous financial straits and was seeking additional sources of operating capital.
On August 4,1972, PCI executed a promissory note for $5,000 in favor of Financial Placements, Inc., and Melvyn Bell. The note provided…
2Cases cited19 opinions
- Wild v. RarigSupreme Court of Minnesota · 1975
- Ross v. RossArizona Supreme Court · 1964
- Duxbury v. BoiceSupreme Court of Minnesota · 1897
- Boyum v. JohnsonCourt of Appeals for the Eighth Circuit · 1942
- First National Bank v. StraitSupreme Court of Minnesota · 1898
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3Cited by2 opinions
- Donald E. Collins and Financial Placements, Inc., a Missouri Corporation v. Environmental Systems Company, a Delaware Corporation, and Melvyn L. Bell. Financial Placements, Inc., a Missouri Corporation v. Environmental Systems Company, a Delaware Corporation, and Melvyn L. BellCourt of Appeals for the Eighth Circuit · 1993
- United States v. NyenekorCourt of Appeals for the Second Circuit · 2019