Legal Opinion

Charles R. Briley v. Kenneth J. Hidalgo, Sr.

Court of Appeals for the Fifth Circuit

Decided January 20, 1993No. 92-3587PublishedCited by 24 opinions

1Opinion of the Court

REYNALDO G. GARZA, Circuit Judge:

FACTS

Briley and Hidalgo were both shareholders in Yvonne Bailey, Inc. (“Bailey”). On January 16,1979, Briley executed a promissory note on behalf of Bailey in favor of Ford Motor Credit Corporation (“FMCC”) for $745,000. The proceeds of the loan were used to finance the acquisition of the M/Y Private. As security, FMCC obtained a first preferred ship mortgage on the M/V Private and two guaranties, one executed by Hidalgo and Jerry Hoffpauir, and another executed by Charles and Alice Briley.

In January of 1984, Mr. Briley began informing his friends and family…

2Cases cited6 opinions

  1. Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
  2. Bankers Mortgage Company v. United StatesCourt of Appeals for the Fifth Circuit · 1970
  3. Gulf Coast Building and Supply Company, Inc. v. International Brotherhood of Electrical Workers, Local No. 480, Afl-CioCourt of Appeals for the Fifth Circuit · 1972
  4. W. Carey Crutcher, Etc. v. The Aetna Life Insurance Co., Aetna Life Insurance Co. And Aetna Casualty and Surety Co. v. W. Carey CrutcherCourt of Appeals for the Fifth Circuit · 1984
  5. Stella Reyes, Etc. v. Vantage Steamship Co., Inc.Court of Appeals for the Fifth Circuit · 1982

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3Cited by24 opinions

  1. New York Life Insurance v. BrownCourt of Appeals for the Fifth Circuit · 1996
  2. Jackson v. Fie Corp.Court of Appeals for the Fifth Circuit · 2002
  3. Hertz Corp. v. Alamo Rent-A-Car, Inc.Court of Appeals for the Eleventh Circuit · 1994
  4. Carter v. FennerCourt of Appeals for the Fifth Circuit · 1998
  5. United States v. One Toshiba Color Television Two Answering MacHines One Health Tech Computer Reginald McGlory in No. 98-3578 (Pursuant to Rule 12(a), f.r.a.p.) (d.c. Civ. No. 90-Cv-00138) United States of America v. Assorted Jewelry Reginald McGlory in No. 98-3579 (Pursuant to Rule 12(a), f.r.a.p.) (d.c. Civ. No. 90-Cv-00370)Court of Appeals for the Third Circuit · 2000

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