Legal Opinion
Framingham Trust Company v. Gould-National Batteries, Inc., American Casualty Company v. Framingham Trust Company
Court of Appeals for the First Circuit
Decided June 8, 1970No. 7523, 7524PublishedCited by 23 opinions
1Opinion of the Court
COFFIN, Circuit Judge.
Sewell & Smith Construction Company (the contractor) agreed to construct a factory addition for Gould-National Batteries, Inc. (the owner) for $133,000. 1 Framingham Trust Company (the bank) agreed to provide the financing on the security of an assignment of the contractor’s present and future accounts receivable, which financing agreement was duly executed and recorded. American Casualty Company (the surety) furnished the performance and payment bonds for the contractor as required by the owner. On default by the contractor, the surety completed the work at an outlay of…
2Cases cited11 opinions
- Prairie State Bank v. United StatesSupreme Court of the United States · 1896
- Pearlman v. Reliance InsuranceSupreme Court of the United States · 1962
- United States v. Munsey Trust Co.Supreme Court of the United States · 1947
- Henningsen v. United States Fidelity & Guaranty Co. of BaltimoreSupreme Court of the United States · 1908
- The National Shawmut Bank of Boston v. New Amsterdam Casualty Co., Inc.Court of Appeals for the First Circuit · 1969
6 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Canter v. SchlagerMassachusetts Supreme Judicial Court · 1971
- In re Modular Structures, Inc.Court of Appeals for the First Circuit · 1994
- Duluth Lumber & Plywood Co. v. Delta Development, Inc.Supreme Court of Minnesota · 1979
- In The Matter Of J. V. Gleason Co., Inc.Court of Appeals for the Eighth Circuit · 1971
- United States Fidelity & Guaranty Co. v. First State BankSupreme Court of Kansas · 1972
18 more not listed; retrieve them via the Exa API.