Legal Opinion
First Wisconsin Financial Corporation v. Thomas Yamaguchi
Court of Appeals for the First Circuit
Decided February 24, 1987No. 86-2088PublishedCited by 21 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Tomkenco, Inc., borrowed money from First Wisconsin Financial Corp. against the security of Tomkenco’s assets and receivables. The contract between Tomkenco and First Wisconsin created a “Loan Account Ledger”. When Tomkenco presented First Wisconsin with evidence that it had sold goods and created receivables, First Wisconsin would advance 80% of the amount of the receivables. The ledger would be updated with a specific entry, identified by Tomkenco’s customer. The loans would be summed, and each month Tomkenco would receive a statement of the debit balance. The…
2Cases cited11 opinions
- Hortencia Bohen v. City of East Chicago, IndianaCourt of Appeals for the Seventh Circuit · 1986
- United States v. Banco Cafetero Panama, Banco Cafetero Colon, Defendants-In-Rem-AppellantsCourt of Appeals for the Second Circuit · 1986
- Crown Life Insurance v. LaBonteWisconsin Supreme Court · 1983
- State v. J. C. Penney Co.Wisconsin Supreme Court · 1970
- Moser Paper Co. v. North Shore Publishing Co.Wisconsin Supreme Court · 1978
6 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Charles E. Covey, as Trustee of v. Jobst & Sons, Inc., Cross-Appellant v. Commercial National Bank of Peoria, Cross-AppelleesCourt of Appeals for the Seventh Circuit · 1992
- Sharon Campbell v. Ingersoll Milling MacHine Company, an Illinois Corporation, and Henry Ortland, IndividuallyCourt of Appeals for the Seventh Circuit · 1990
- In Re R & T Roofing Structures & Commercial Framing, Inc., Debtor. United States of America, Claimant-Appellant v. Harold Z. Daniel, Trustee-AppelleeCourt of Appeals for the Ninth Circuit · 1990
- Rooster, Inc. v. Raphael Roy, S.R.L. (In Re Rooster, Inc.)United States Bankruptcy Court, E.D. Pennsylvania · 1991
- Williams v. United States Postal ServiceCourt of Appeals for the Seventh Circuit · 1989
16 more not listed; retrieve them via the Exa API.