Legal Opinion
Farmers Loan & Trust Co. v. Letsinger
Indiana Supreme Court
Decided June 26, 1995No. 12S02-9506-CV-747PublishedCited by 16 opinions
1Opinion of the Court
ON PETITION TO TRANSFER
SULLIVAN, Justice.
In Farmers Loan & Trust Co. v. Letsinger (1994), Ind.App., 635 N.E.2d 194, the Court of Appeals held that the Indiana common law rule should be that when a creditor unjustifiably impairs collateral securing a debt, independent, absolute, continuing guarantors of that debt should be discharged to the extent that the creditor has impaired the collateral. Id. at 199-200. Farmers Loan has petitioned this court to transfer the decision of the Court of Appeals, Ind.Appellate Rule 11(B), because it believes that decision is either contrary to ruling precedent…
2Cases cited21 opinions
- Pearlman v. Reliance InsuranceSupreme Court of the United States · 1962
- White v. Household Finance CorporationIndiana Court of Appeals · 1973
- Indiana University v. Indiana Bonding & Surety Co.Indiana Court of Appeals · 1981
- Langeveld v. L. R. Z. H. Corp.Supreme Court of New Jersey · 1977
- Philbrooks v. McEwenIndiana Supreme Court · 1868
16 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Yin v. Society National Bank IndianaIndiana Court of Appeals · 1996
- S-Mart, Inc. v. Sweetwater Coffee Co., Ltd.Indiana Court of Appeals · 2001
- Zemco Manufacturing, Incorporated v. Navistar International Transportation CorporationCourt of Appeals for the Seventh Circuit · 1999
- Borley Storage & Transfer Co. v. WhittedNebraska Supreme Court · 2006
- Bartle v. Health Quest Realty VIIIndiana Court of Appeals · 2002
11 more not listed; retrieve them via the Exa API.