Legal Opinion
Richmond Mortgage & Loan Corp. v. Wachovia Bank & Trust Co.
Supreme Court of the United States
Decided February 1, 1937No. 235PublishedCited by 80 opinions
1Opinion of the CourtJustice Roberts
This is an appeal from a judgment of the Supreme Court of North Carolina 1 sustaining the validity of a statute claimed to impair the obligation of a contract, contrary to Article I, § 10, of the Federal Constitution. The act provides that when the mortgagee, payee, or other holder of an obligation secured by real estate or personal property causes a sale of the property by a trustee, becomes the purchaser for a sum less than the amount of the debt and afterwards brings an action for the deficiency, the defendant may show, by way of defense and set-off, that the property sold was fairly worth…
2Cases cited7 opinions
- Home Building & Loan Assn. v. BlaisdellSupreme Court of the United States · 1934
- W. B. Worthen Co. v. KavanaughSupreme Court of the United States · 1935
- Richmond Mortgage & Loan Corp. v. Wachovia Bank & Trust Co.Supreme Court of North Carolina · 1936
- Barringer v. Wilmington Savings & Trust Co.Supreme Court of North Carolina · 1935
- Miller v. . ShoreSupreme Court of North Carolina · 1934
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3Cited by80 opinions
- United States Trust Co. of NY v. New JerseySupreme Court of the United States · 1977
- Gelfert v. National City Bank of NYSupreme Court of the United States · 1941
- Melendez v. City of New YorkCourt of Appeals for the Second Circuit · 2021
- Guardian Depositors Corp. v. BrownMichigan Supreme Court · 1939
- Baltimore Teachers Union, American Federation of Teachers Local 340, Afl-Cio the City Union of Baltimore, American Federation of Teachers, Local 800, Afl-Cio v. Mayor and City Council of Baltimore Kurt L. Schmoke, Individually and in His Capacity as Mayor and Member of the Board of Estimates of Baltimore City Mary Pat Clarke, Individually and in Her Capacity as President of the Baltimore City Council and Member of the Board of Estimates of Baltimore City Jacqueline F. McClean Individually and in Her Capacity as Comptroller and Member of the Board of Estimates of Baltimore City Neal Janey, in His Capacity as Member of the Board of Estimates of Baltimore City George F. Balog, Individually and in His Capacity as Member of the Board of Estimates of Baltimore City Board of Estimates of Baltimore City, in Re State of Maryland v. Baltimore Teachers Union, American Federation of Teachers Local 340, Afl-Cio the City Union of Baltimore, American Federation of Teachers, Local 800, Afl-Cio v. Mayor and City Council of Baltimore Kurt L. Schmoke, Individually and in His Capacity as Mayor and Member of the Board of Estimates of Baltimore City Mary Pat Clarke, Individually and in Her Capacity as President of the Baltimore City Council and Member of the Board of Estimates of Baltimore City Jacqueline F. McClean Individually and in Her Capacity as Comptroller and Member of the Board of Estimates of Baltimore City Neal Janey, in His Capacity as Member of the Board of Estimates of Baltimore City George F. Balog, Individually and in His Capacity as Member of the Board of Estimates of Baltimore City Board of Estimates of Baltimore City, Baltimore City Lodge Number 3 Fraternal Order of Police v. Mayor and City Council of BaltimoreCourt of Appeals for the Fourth Circuit · 1993
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