Legal Opinion
Federal Savings & Loan Insurance v. Cribbs
Court of Appeals for the Fifth Circuit
Decided December 7, 1990No. 90-2492PublishedCited by 1 opinion
1Opinion of the Court
POLITZ, Circuit Judge:
R. Judd Cribbs appeals an adverse partial summary judgment in favor of Consolidated Federal Bank FSB (CFB), the as-signee of the assets of two banks placed under the receivership of the Federal Savings and Loan Insurance Corporation (FSLIC). Finding no error, we affirm.
Background
In August 1985, Cribbs executed a personal guaranty of a $3.2 million dollar note payable to eight Texas savings and loan institutions (the S & Ls).1 The maker of *559the note was C-10 West Belt, Ltd. (C-10), of which Cribbs was the general partner. When C-10 missed its first interest payment the…
2Cases cited4 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Curtiss-Wright Corp. v. General Electric Co.Supreme Court of the United States · 1980
- Ryan v. Occidental Petroleum Corp.Court of Appeals for the Fifth Circuit · 1978
- Alvin Skinner, and All Others Similarly Situated v. W. T. Grant Company, Federal Financial CorporationCourt of Appeals for the Fifth Circuit · 1981