Legal Opinion
Forrest Creek Associates, Ltd. v. McLean Savings & Loan Ass'n
Court of Appeals for the Fourth Circuit
Decided October 28, 1987No. Nos. 86-1219(L), 86-1233, 86-1234 and 87-1038PublishedCited by 26 opinions
1Opinion of the Court
WISDOM, Senior Circuit Judge:
The essence of this case is a dispute over a loan commitment contract to provide financing for a real estate transaction. The plaintiffs1 approached the defendants2 for a loan to finance the conversion of an apartment complex to a condominium. The plaintiffs paid a large standby fee to reserve money they were never able to borrow. The plaintiffs believe that the fee should be returned; the defendants insist that under the terms of the commitment agreement the conditions for a refund were not met.
In their complaint the plaintiffs charge the defendants with…
2Cases cited18 opinions
- Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
- Pullman-Standard v. SwintSupreme Court of the United States · 1982
- Bose Corp. v. Consumers Union of United States, Inc.Supreme Court of the United States · 1984
- Chester R. Robinson and Wife, Frances Earline Robinson, and Roy K. Ewart and David B. Black v. The National Cash Register CompanyCourt of Appeals for the Fifth Circuit · 1987
- Rodney W. Quinter v. Volkswagen of America, Volkswagen of Atlantic, Inc., Volkswagenwerk, A. G., Byron BlochCourt of Appeals for the Third Circuit · 1982
13 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Kiobel v. MillsonCourt of Appeals for the Second Circuit · 2010
- Milwaukee Concrete Studios, Limited v. Fjeld Manufacturing Company, Incorporated, and Janice KruegerCourt of Appeals for the Seventh Circuit · 1993
- In Re Palumbo Family Ltd. PartnershipUnited States Bankruptcy Court, E.D. Virginia · 1995
- Navarro-Ayala v. Hernandez-ColonCourt of Appeals for the First Circuit · 1993
- Mason & Dixon Lines, Inc. v. First National Bank of BostonDistrict Court, M.D. North Carolina · 1988
21 more not listed; retrieve them via the Exa API.