Legal Opinion
Federal Deposit Insurance v. Key Biscayne Development Ass'n
Court of Appeals for the Eleventh Circuit
Decided October 25, 1988No. 86-5741PublishedCited by 3 opinions
1Opinion of the Court
TJOFLAT, Circuit Judge:
I
At some time prior to April 1980, Key Biscayne Development Association (KBDA) devised a plan to purchase and develop a forty-eight acre parcel of land on Key Biscayne, Florida. The plan called for KBDA to acquire the land in subparcels over a three-year period, beginning in April 1980, and then engage a general contractor to renovate a hotel located on the property and construct several condominium buildings. To finance this venture, KBDA went to Continental Illinois National Bank and Trust Company (Continental), and Continental agreed to loan KBDA the necessary funds.…
2Cases cited3 opinions
- Rinker Materials Corp. v. PALMER FIRST NAT. BANK & TRUST CO.Supreme Court of Florida · 1978
- Gancedo Lumber Company v. Flagship First National Bank of MiamiDistrict Court of Appeal of Florida · 1976
- Florance v. JohnsonDistrict Court of Appeal of Florida · 1979
3Cited by3 opinions
- Resolution Trust Corp. v. Ford Mall Associates Ltd. PartnershipDistrict Court, D. Minnesota · 1992
- Federal Deposit Insurance Corp. v. Key Biscayne Development AssociationCourt of Appeals for the Eleventh Circuit · 1988
- United States v. Haas (In Re Haas)District Court, S.D. Alabama · 1993