Legal Opinion
In the Matter of Reliable Drug Stores, Inc., Debtors. Bindley Western Industries, Inc.
Court of Appeals for the Seventh Circuit
Decided November 30, 1995No. 95-1861PublishedCited by 19 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Shortly before Reliable Drug Stores entered bankruptcy, Bindley Western Industries sold it more than a million dollars worth of goods. Bindley did not demand payment in advance, arrange for a letter of credit, or take a purchase-money security interest under § 9-312 of the Uniform Commercial Code, which Indiana (whose law governs) has adopted as I.C. § 26-1-9-312. (For simplicity we omit the “I.C. § 26-1” prefix from other citations.) Instead Bindley depended on Reliable’s history of prompt payment — a history that ended when the bankruptcy began. Bindley…
2Cases cited11 opinions
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- In the Matter Of: Unr Industries, Inc., Debtors. Appeals of Unarco Bloomington Factory WorkersCourt of Appeals for the Seventh Circuit · 1994
- Stowers v. MahonCourt of Appeals for the Fifth Circuit · 1976
- Arlene Otis v. City of ChicagoCourt of Appeals for the Seventh Circuit · 1994
- Lloyd E. Williams, Jr. And Mildred A. Williams v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1993
6 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Payne v. ChurchichCourt of Appeals for the Seventh Circuit · 1998
- In the Matter of Fbn Food Services, Inc., Debtor. River Bank AmericaCourt of Appeals for the Seventh Circuit · 1996
- Payne v. ChurchichCourt of Appeals for the Seventh Circuit · 1999
- Galey & Lord Inc. v. Arley Corp. (In Re Arlco, Inc.)United States Bankruptcy Court, S.D. New York · 1999
- In Re Victory Markets Inc.United States Bankruptcy Court, N.D. New York · 1997
14 more not listed; retrieve them via the Exa API.