Legal Opinion
United States v. Unum, Inc. And Lance W. Dreyer
Court of Appeals for the Fifth Circuit
Decided October 5, 1981No. 79-3190PublishedCited by 59 opinions
1Opinion of the Court
POLITZ, Circuit Judge:
The Small Business Administration (SBA), filed suit to collect the balance due on a promissory note executed by Unum, Inc., and Lance W. Dreyer. Defendants-appellants admitted the obligation, but claimed a discharge from liability because the SBA had unjustifiably impaired the collateral securing the debt by releasing its lien to a third-party purchaser for $1,000. After a bench trial, the district court found that the amount accepted by the SBA was equivalent to the fair market value of the collateral, rejected the defense of unjustifiable impairment, and rendered…
2Cases cited8 opinions
- Singleton v. WulffSupreme Court of the United States · 1976
- Clearfield Trust Co. v. United StatesSupreme Court of the United States · 1943
- Marie Pierre v. United StatesCourt of Appeals for the Fifth Circuit · 1976
- United States v. Duane G. Willis and Mary J. WillisCourt of Appeals for the Sixth Circuit · 1979
- Funding Systems Leasing Corporation v. Garland B. Pugh, Sr., Individually and D/B/A Georgia Tractor and Equipment CompanyCourt of Appeals for the Fifth Circuit · 1976
3 more not listed; retrieve them via the Exa API.
3Cited by59 opinions
- Branch Banking and Trust Co. v. ThompsonCourt of Appeals of North Carolina · 1992
- Ruth Kitchen v. Chippewa Valley Schools Chippewa Valley School Board of Education George Depillo Thomas Scullen and Edward SkowneskiCourt of Appeals for the Sixth Circuit · 1987
- Louise Parrott, Individually and in Her Official Capacity as Administratrix of the Estate of Jeffrey Parrott, Deceased v. Max v. Wilson, Etc.Court of Appeals for the Eleventh Circuit · 1983
- Federal Savings And Loan Insurance Corporation v. MurrayCourt of Appeals for the Fifth Circuit · 1988
- Federal Deposit Insurance Corporation v. Blue Rock Shopping Center, Inc., a Delaware Corporation. Appeal of Max Ambach and Rose AmbachCourt of Appeals for the Third Circuit · 1985
54 more not listed; retrieve them via the Exa API.