United States v. George H. Proctor
Court of Appeals for the Fifth Circuit
Godbold, Circuit Judge, filed a dissenting opinion.
1Opinion of the Court
SIMPSON, Circuit Judge:
We review and affirm a district court order granting the motion of the United States for summary judgment in a suit brought by the government under a guaranty agreement. The undisputed facts as they appeared from the pleadings and affidavits before the trial court may be simply stated.
In January, 1968 Beesley Packing Co. Inc. (Debtor) obtained a loan of $75,000 from the Covington County Bank of Andalusia, Alabama (Bank). In exchange for the loan, Debtor delivered to the Bank a promissory note in the principal sum of $75,000. The note was secured by mortgages on real and…
2Cases cited6 opinions
- Wallace G. Frederick v. United StatesCourt of Appeals for the Fifth Circuit · 1967
- Johnny R. Austad and Dorothy Austad, His Wife v. United StatesCourt of Appeals for the Ninth Circuit · 1967
- Joe Heaston Tractor & Implement Company, a New Mexico Corporation v. Securities Acceptance Corporation, a Delaware CorporationCourt of Appeals for the Tenth Circuit · 1957
- D. W. Jaquays & Co. v. First Security BankArizona Supreme Court · 1966
- Behlen Mfg. Co. v. First National Bank of EnglewoodColorado Court of Appeals · 1970
1 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- First National Park Bank v. Snellen M. Johnson and Ven SavageCourt of Appeals for the First Circuit · 1977
- United States v. Vahlco Corporation, and Frederick Henry Vahlsing, Jr.Court of Appeals for the Fifth Circuit · 1986
- United States v. Clarence A. Lair, and Nellie M. LairCourt of Appeals for the Seventh Circuit · 1988
- United States v. Frank J. Beardslee and Frances M. Beardslee, His WifeCourt of Appeals for the Sixth Circuit · 1977
- United States v. Francis KukowskiCourt of Appeals for the Eighth Circuit · 1984
17 more not listed; retrieve them via the Exa API.