Legal Opinion
Bank of California, N. A. v. W. H. Opie, California Union Insurance Company
Court of Appeals for the Ninth Circuit
Decided December 14, 1981No. 80-3157PublishedCited by 75 opinions
1Opinion of the Court
BOOCHEVER, Circuit Judge:
This case concerns the liability of an errors-and-omission insurer of a mortgage banking corporation for losses due to the corporation’s failure to apply properly the proceeds of loans secured for its normal business purposes from a commercial bank.
W.H. Opie & Company (Opie) borrowed money from the Bank of California (Bank) for operating expenses in connection with its mortgage-banking business, but violated the loan agreement as to the proper application of the funds. Opie was found liable for damages in state court, and the Bank commenced the present garnishment…
2Cases cited32 opinions
- Adickes v. S. H. Kress & Co.Supreme Court of the United States · 1970
- Cadwallader v. New Amsterdam Casualty Co.Supreme Court of Pennsylvania · 1959
- Betty Sankovich v. The Life Insurance Company of North America and Credit Life Insurance CompanyCourt of Appeals for the Ninth Circuit · 1981
- Marx v. Hartford Accident and Indemnity CompanyNebraska Supreme Court · 1968
- Margaret Christine REED, Individually, Plaintiff-Appellant, v. LOCKHEED AIRCRAFT CORPORATION, Defendant-AppelleeCourt of Appeals for the Ninth Circuit · 1980
27 more not listed; retrieve them via the Exa API.
3Cited by75 opinions
- McLINN v. FJORDCourt of Appeals for the Ninth Circuit · 1984
- Northrop Corp. v. McDonnell Douglas Corp.Court of Appeals for the Ninth Circuit · 1983
- Barthelemy v. Air Lines Pilots Ass'nCourt of Appeals for the Ninth Circuit · 1990
- Harad, Charles A. And the Home Insurance Company v. The Aetna Casualty and Surety Company, and Catania, Francis JCourt of Appeals for the Third Circuit · 1988
- Sherry Gasaway v. Northwestern Mutual Life Insurance Company, an Oregon Corporation John Does 1-10 Doe Partnerships 1-10 Roe CorporationCourt of Appeals for the Ninth Circuit · 1994
70 more not listed; retrieve them via the Exa API.