Legal Opinion
Chase Manhattan Bank, N. A. v. Gems-By-Gordon, Inc.
Court of Appeals for the Ninth Circuit
Decided June 29, 1981No. 79-4629PublishedCited by 14 opinions
1Opinion of the Court
POOLE, Circuit Judge:
The Chase Manhattan Bank, N.A. (Chase) seeks to impose and foreclose an equitable mortgage on real property located in Agana, Guam. The equitable mortgage is said to arise from an agreement executed in connection with a loan transaction. Both the Superior Court of the Territory of Guam and the United States District Court for the District of Guam, Appellate Division, refused to enforce the negative pledge as an equitable mortgage. We affirm.
I
The facts are not disputed. Gems-by-Gordon, Inc. (Gems) holds a sublease on property described as “the eastern portion of Lot No.…
2Cases cited12 opinions
- Tahoe National Bank v. PhillipsCalifornia Supreme Court · 1971
- Coast Bank v. MinderhoutCalifornia Supreme Court · 1964
- The People of the Territory of Guam v. John C. Dela RosaCourt of Appeals for the Ninth Circuit · 1981
- Knott v. Manufacturing Co.West Virginia Supreme Court · 1888
- Equitable Trust Co. v. ImbesiCourt of Appeals of Maryland · 1980
7 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Bartolome E. Abuan v. General Electric Co. Monsanto Company, Bartolome E. Abuan v. General Electric Co., and Monsanto CompanyCourt of Appeals for the Ninth Circuit · 1993
- The People of the Territory of Guam v. Jae Hung YangCourt of Appeals for the Ninth Circuit · 1986
- Pilar Laguana v. Guam Visitors Bureau Its Board of Directors and Ricardo J. BordalloCourt of Appeals for the Ninth Circuit · 1984
- The People of the Territory of Guam v. Gregory Junior Fejeran, A/K/A Gregory CruzCourt of Appeals for the Ninth Circuit · 1982
- Aguon v. CalvoCourt of Appeals for the Ninth Circuit · 1987
9 more not listed; retrieve them via the Exa API.