Legal Opinion
Harley-Davidson Motor Co., Inc., and Itt Commercial Finance Corp. v. Bank of New England--Old Colony, N.A.
Court of Appeals for the First Circuit
Decided March 6, 1990No. 89-1671PublishedCited by 122 opinions
1Opinion of the Court
BREYER, Circuit Judge.
A motorcycle manufacturer (“Harley”) and a finance company (“ITT”) loaned money to a motorcycle dealer (“Clemence”) to help finance the dealer’s new motorcycle inventory. To guarantee repayment they took and perfected a secured interest in the dealer’s entire — new and used cycle — inventory and in all his motorcycle sale proceeds. Subsequently, a bank (“Old Colony”) provided the dealer with a line of credit, primarily to help him buy used motorcycles. To guarantee repayment, the bank took and perfected a (junior) secured interest in the dealer’s inventory. More…
2Cases cited34 opinions
- United States v. United States Gypsum Co.Supreme Court of the United States · 1948
- White v. New Hampshire Department of Employment SecuritySupreme Court of the United States · 1982
- Sartor v. Arkansas Natural Gas Corp.Supreme Court of the United States · 1944
- Federal Deposit Insurance Corporation, in Its Corporate Capacity v. George C. Meyer, Margaret Meyer & Edwin A. MeyerCourt of Appeals for the Seventh Circuit · 1986
- Woodling v. Garrett Corp.Court of Appeals for the Second Circuit · 1987
29 more not listed; retrieve them via the Exa API.
3Cited by122 opinions
- Federal Deposit Insurance Corporation v. World University Inc., Santa Barbara Center CorporationCourt of Appeals for the First Circuit · 1992
- Markel American Insurance v. Díaz-SantiagoCourt of Appeals for the First Circuit · 2012
- Mancini v. City of ProvidenceCourt of Appeals for the First Circuit · 2018
- National Ecological Foundation v. AlexanderCourt of Appeals for the Sixth Circuit · 2007
- Privitera v. CurranCourt of Appeals for the First Circuit · 2017
117 more not listed; retrieve them via the Exa API.