Legal Opinion

United States v. Hub City Volkswagen, Inc.

Court of Appeals for the Ninth Circuit

Decided April 14, 1980No. 77-3946PublishedCited by 6 opinions

1Opinion of the Court

SCHROEDER, Circuit Judge:

In order to obtain a $150,000 Small Business Administration loan for Hub City Volkswagen, Inc., the appellants, five of Hub City’s six shareholders and their spouses, signed unconditional personal guaranties for pro rata portions of the loan. In this appeal they challenge the district court’s application of the parol evidence rule to prevent them from showing an oral condition precedent to the effectiveness of the personal loan guaranties. We reverse the district court’s judgment.

In 1972 Wells Fargo Bank and Hub City entered into negotiations concerning an SBA…

2Cases cited9 opinions

  1. Clearfield Trust Co. v. United StatesSupreme Court of the United States · 1943
  2. United States v. YazellSupreme Court of the United States · 1966
  3. Masterson v. SineCalifornia Supreme Court · 1968
  4. Glendale Federal Savings & Loan Ass'n v. Marina View Heights Development Co.California Court of Appeal · 1977
  5. Coast Bank v. HolmesCalifornia Court of Appeal · 1971

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3Cited by6 opinions

  1. Continental Bank N.A. v. EverettDistrict Court, N.D. Illinois · 1991
  2. United States v. Wallace & Wallace Fuel Oil Co.District Court, S.D. New York · 1982
  3. Chavez v. Director, Office of Workers Compensation ProgramsCourt of Appeals for the Ninth Circuit · 1992
  4. Reisbeck v. Farmers Insurance ExchangeMontana Supreme Court · 2007
  5. Prudencio Chavez v. Director, Office of Workers Compensation Programs United States Department of Labor Todd Shipyards Corporation Aetna Casualty and Surety Company, Todd Shipyards Corporation Aetna Casualty and Surety Company v. Director, Office of Workers Compensation Programs Prudencio P. ChavezCourt of Appeals for the Ninth Circuit · 1992

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