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Legal Opinion

Phillips v. Corestates Bank, N.A. Ex Rel. First Penn. Bank, N.A.

District Court, Virgin Islands

Decided January 14, 1999No. Civ. 95-0153PublishedCited by 1 opinion

1Opinion of the Court

MEMORANDUM OPINION

I. FACTS

In 1988, Lemuel Phillips, Jr. ["Phillips"] executed a promissory note in the sum of $16,756.09 in favor of the predecessor-in-interest of Corestates Bank, N.A. ["Corestates"]. Phillips signed above the name "Lemuel Phillips, Sr.," although he is Lemuel Phillips, Jr., and Senior, his father, was deceased. A security interest was granted in two of Phillips' vehicles. Upon failure to make timely payments, Corestates brought an action against Lemuel Phillips, Sr., the name on the promissory note, and default judgment was ultimately entered. The bank seized the security.…

2Cases cited7 opinions

  1. Stone v. Immigration & Naturalization ServiceSupreme Court of the United States · 1995
  2. Standard Oil Co. of Cal. v. United StatesSupreme Court of the United States · 1976
  3. Smith v. PollinCourt of Appeals for the D.C. Circuit · 1952
  4. Venen v. SweetCourt of Appeals for the Third Circuit · 1985
  5. MAIN LINE FEDERAL SAVINGS AND LOAN ASSOCIATION, Appellant, v. TRI-KELL, INC.Court of Appeals for the Third Circuit · 1983

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3Cited by1 opinion

  1. Shepherd v. International Paper Co.Court of Appeals for the Fifth Circuit · 2004

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