Legal Opinion
Scott v. San Diego Navy Federal Credit Union (In re G. Weeks Securities, Inc.)
United States Bankruptcy Court, W.D. Tennessee
Decided September 23, 1983No. Bankruptcy No. 79-22564; Adv. No. 80-0220Published
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
WILLIAM B. LEFFLER, Bankruptcy Judge.
I
In this Chapter 11 proceeding the Co-Trustees of the debtor, G. Weeks Securities, Inc. (hereinafter “plaintiffs”), filed a complaint against the defendant, San Diego Navy Federal Credit Union. The complaint alleges that the defendant breached a standby contract by failing to take delivery of Two Million Dollars ($2,000,000.00) of Government National Mortgage Association eight percent (8%) mortgage bonds at a price of 99.5% of par on March 20, 1980.
The defendant maintains that it did not breach the above-mentioned contract…
2Cases cited14 opinions
- Rose v. Spa Realty AssociatesNew York Court of Appeals · 1977
- J. N. A. Realty Corp. v. Cross Bay Chelsea, Inc.New York Court of Appeals · 1977
- Orth-O-Vision, Inc. v. Home Box OfficeDistrict Court, S.D. New York · 1979
- Reger v. National Ass'n of Bedding Manufacturers Group Insurance Trust FundNew York Supreme Court · 1975
- Silverstein v. United Cerebral Palsy Ass'nAppellate Division of the Supreme Court of the State of New York · 1962
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