Legal Opinion
Farmer v. Crocker National Bank (In Re Swift Aire Lines)
United States Bankruptcy Court, C.D. California
Decided March 25, 1982No. Bankruptcy No. LA-81-11896(CA), Adv. No. LA-81-4979(CA)PublishedCited by 7 opinions
1Opinion of the Court
MEMORANDUM OF DECISION
CALVIN K. ASHLAND, Bankruptcy Judge.
Justin Colin bought an airline. He invested $1,775,000 in November 1980 to ac quire an 80% ownership in Swift Aire Lines, Inc. He agreed to invest an additional $755,000 when such funds became necessary for the continued operation of Swift’s business. The availability of the $775,000 was assured by a letter of credit which could be drawn upon if Colin did not fulfill his obligation.
Wells Fargo Bank, N.A. was Swift’s principal lender and had a vital interest that the additional funds be provided should they be required. In ordinary…
2Cases cited7 opinions
- Jones v. Rath Packing Co.Supreme Court of the United States · 1977
- Corporacion De Mercadeo Agricola v. Mellon Bank InternationalCourt of Appeals for the Second Circuit · 1979
- American Bell International, Inc. v. Islamic Republic of IranDistrict Court, S.D. New York · 1979
- Far Eastern Textile, Ltd. v. City National Bank & Trust Co.District Court, S.D. Ohio · 1977
- In Re GunderUnited States Bankruptcy Court, S.D. Ohio · 1980
2 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Farmer v. Crocker National Bank (In Re Swift Aire Lines, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1983
- Whinnery v. Bank of Onalaska (In Re Taggatz)United States Bankruptcy Court, W.D. Wisconsin · 1989
- In Re San Jacinto Glass Industries, Inc.United States Bankruptcy Court, S.D. Texas · 1988
- Rafool v. Evans (In re Central Illinois Energy, L.L.C.)United States Bankruptcy Court, C.D. Illinois · 2012
- Centennial Bank v. KaneDistrict Court, N.D. California · 2022
2 more not listed; retrieve them via the Exa API.