Legal Opinion
In the Matter of Chicago, Rock Island and Pacific Railroad Company, Debtor. Appeal of Sanborn Cooperative Grain Company, Chicago Pacific Corporation
Court of Appeals for the Seventh Circuit
Decided June 24, 1986No. 85-2505PublishedCited by 112 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
The Rock Island line was a landlord as well as a railroad. It rented land on which the tenants built grain elevators, among other things. Many of these leases were terminable on 30 days’ notice, which exposed the elevator operators to a risk: the Rock Island might cancel, acquire ownership of the elevators, and lease the land for a much higher rent reflecting the value of the elevators the tenants had built. (The tenants had 10 days after the end of the lease to remove their improvements, after which the Rock Island acquired ownership. Few people recall seeing grain…
2Cases cited10 opinions
- Gully v. First Nat. Bank in MeridianSupreme Court of the United States · 1936
- Munn v. IllinoisSupreme Court of the United States · 1877
- T. B. Harms Company v. Edward Eliscu and Ross Jungnickel, Inc.Court of Appeals for the Second Circuit · 1964
- Thomas Bernstein v. Lind-Waldock & Company and Chicago Mercantile ExchangeCourt of Appeals for the Seventh Circuit · 1984
- In Re Rock Industries MacHinery Corp., F/k/a Lippmann, Inc., Bankrupt. Appeal of Litton Systems, IncCourt of Appeals for the Seventh Circuit · 1978
5 more not listed; retrieve them via the Exa API.
3Cited by112 opinions
- 17 Collier bankr.cas.2d 230, Bankr. L. Rep. P 71,695 in the Matter of Xonics, Inc., Debtors. Elscint, Inc., and Elscint Imaging, Inc. v. First Wisconsin Financial CorporationCourt of Appeals for the First Circuit · 1987
- Pettibone Corporation v. Carl EasleyCourt of Appeals for the Seventh Circuit · 1991
- Zerand-Bernal Group, Inc. v. CoxCourt of Appeals for the Seventh Circuit · 1994
- In the Matter of Arlo B. Edwards, Debtor-Appellee. Appeal of Golden Guernsey Dairy Co-OpCourt of Appeals for the Seventh Circuit · 1992
- In the Matter of Fedpak Systems, Incorporated, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1996
107 more not listed; retrieve them via the Exa API.