Atlantic Richfield Company v. Malco Petroleum, Inc.
Court of Appeals for the Sixth Circuit
1Opinion of the Court
PHILLIPS, Chief Judge.
Appellant Maleo Petroleum, Inc. (Maleo) 1 agreed in 1965 to become a distributor of Atlantic Richfield Company (Atlantic) 2 products. At the same time that the distributor agreement was signed, Atlantic lent Maleo $200,000 at low interest. The debt was evidenced by a promissory note from Maleo to Atlantic. According to the terms of the promissory note, there would be a low interest rate charged on the principal, 3 which would become due at the termination of the distributor agreement. Atlantic was given the right, under the distributor agreement, to terminate the…
2Cases cited7 opinions
- Northern Pacific Railway Co. v. United StatesSupreme Court of the United States · 1958
- Tampa Electric Co. v. Nashville Coal Co.Supreme Court of the United States · 1961
- Kelly v. KosugaSupreme Court of the United States · 1959
- Continental Wall Paper Co. v. Louis Voight & Sons Co.Supreme Court of the United States · 1909
- The Associated Press v. Taft-Ingalls Corporation, Formerly Known as the Cincinnati Times-Star CompanyCourt of Appeals for the Sixth Circuit · 1965
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- American Industrial Fastener Corp. v. Flushing Enterprises, Inc.District Court, N.D. Ohio · 1973
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