Legal Opinion

National Boulevard Bank v. Drive-In Development Corp.

Court of Appeals for the Seventh Circuit

Decided December 19, 1966No. 15779PublishedCited by 6 opinions

1Opinion of the Court

SWYGERT, Circuit Judge.

The principal question in this appeal relates to the circumstances which may bind a corporation to a guaranty of the obligations of a related corporation when it is contended that the corporate officer who executed the guaranty had no authority to do so. The facts giving rise to the question underlie a claim filed by the National Boulevard Bank of Chicago in an arrangement proceeding under chapter XI of the Bankruptcy Act, 11 U.S.C. §§ 701-799, in which the Drive In Development Corporation was the debtor. National Boulevard’s claim was disallowed by the referee, whose…

2Cases cited4 opinions

  1. Hutchison v. Rock Hill Real Estate & Loan Co.Supreme Court of South Carolina · 1902
  2. C. L. McClain Fuel Corp. v. LineingerSupreme Court of Pennsylvania · 1941
  3. In re New York Car Wheel WorksDistrict Court, W.D. New York · 1905
  4. McMan Oil & Gas Co. v. HurleyCourt of Appeals for the Fifth Circuit · 1928

3Cited by6 opinions

  1. Richard W. Shear v. The National Rifle Association of America, a New York CorporationCourt of Appeals for the D.C. Circuit · 1979
  2. In the Matters of Webcor, Inc., an Illinois Corporation, Bankrupt, Webcor Sales Company, a New Jersey Corporation, BankruptCourt of Appeals for the Seventh Circuit · 1968
  3. Matter of LevyUnited States Bankruptcy Court, S.D. New York · 1985
  4. Keystone Leasing Corp. v. Peoples Protective Life InsuranceDistrict Court, E.D. New York · 1981
  5. Hackeling v. Charter Financial, Inc. (In Re Luis Electrical Contracting Corp.)United States Bankruptcy Court, E.D. New York · 1992

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