Legal Opinion
Pavco Industries, Inc. v. First Nat. Bank of Mobile
Supreme Court of Alabama
Decided June 24, 1988No. 86-910PublishedCited by 15 opinions
1Opinion of the Court
This is an action against a bank for wrongful cancellation of a line of credit. Pavco Industries, Inc., and Timsco, Inc., sued First National Bank of Mobile. The last amended complaint included claims sounding in fraud, breach of contract, conversion, tortious breach of contract, and economic duress. The trial court granted summary judgment for First National.
Timsco is an Alabama corporation doing business in Mobile. On April 5, 1982, Timsco executed a promissory note and security agreement by virtue of which First National extended a $400,000 line of credit secured by Timsco's accounts…
2Cases cited7 opinions
- K.M.C. Co., Inc. v. Irving Trust CompanyCourt of Appeals for the Sixth Circuit · 1985
- Purcell Co., Inc. v. Spriggs Enterprises, Inc.Supreme Court of Alabama · 1983
- Paul Reid and Mary J. Reid v. Key Bank of Southern Maine, Inc., Paul Reid and Mary J. Reid v. Key Bank of Southern Maine, Inc.Court of Appeals for the First Circuit · 1987
- Chandler v. HunterCourt of Civil Appeals of Alabama · 1976
- Hearing Systems, Inc. v. ChandlerSupreme Court of Alabama · 1987
2 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Southland Bank v. a & a Drywall Supply Co.Supreme Court of Alabama · 2009
- POWER EQUIPMENT v. First Alabama BankSupreme Court of Alabama · 1991
- Government Street Lumber Co. v. AmSouth Bank, NASupreme Court of Alabama · 1989
- WAMCO, III, Ltd. v. First Piedmont Mortgage Corp.District Court, E.D. Virginia · 1994
- Waller v. Maryland National BankCourt of Special Appeals of Maryland · 1993
10 more not listed; retrieve them via the Exa API.