Legal Opinion

Stowe Potato Sales, Inc. v. Terry's, Inc.

District Court, W.D. Virginia

Decided July 6, 1998No. CIV.A. 98-0104-APublishedCited by 6 opinions

1Opinion of the Court

OPINION

JONES, District Judge.

The question in this case is whether a supplier of agricultural commodities is barred from the benefits of the statutory trust established by the provisions of the Perishable Agricultural Commodities Act 1 on the ground that the time for payment allowed by the supplier exceeded the time limits established by the Secretary of Agriculture’s regulations. 2 I hold that the supplier is not disqualified from the benefits of the trust, and thus reverse the decision of the bankruptcy court.

I. Background.

The appellee, Terry’s, Inc. (“Terry’s”) is a corporation engaged in…

2Cases cited5 opinions

  1. N.P. Deoudes, Inc. v. Snyder (In Re Snyder)District Court, D. Maryland · 1995
  2. In Re Davis Distributors, Inc. (Two Cases). Wilson Mushroom Company v. Davis Distributors, Inc. Sovran Bank, n.a.,defendants-appellants (Two Cases)Court of Appeals for the Fourth Circuit · 1988
  3. Merrill Farms Corp. v. H.R. Hindle & Co., Inc. (In Re H.R. Hindle & Co.)United States Bankruptcy Court, E.D. Pennsylvania · 1993
  4. United States v. EasleyDistrict Court, W.D. Virginia · 1997
  5. N.P. Deoudes, Inc. v. Snyder (In Re Snyder)United States Bankruptcy Court, D. Maryland · 1994

3Cited by6 opinions

  1. Patterson Frozen Foods, Inc. v. Crown Foods International, Inc., a Corporation F/k/a Crown Food-Service Group, Inc., and Philip H. EckertCourt of Appeals for the Seventh Circuit · 2002
  2. Produce Alliance v. Let-Us ProduceDistrict Court, E.D. Virginia · 2011
  3. Cox v. Decas Cranberry Products, Inc. (In Re Meyer's Bakeries, Inc.)United States Bankruptcy Court, W.D. Arkansas · 2009
  4. Nickey Gregory Co., LLC v. AGRICAP, LLCDistrict Court, D. South Carolina · 2008
  5. In re Wayne Bailey, Inc.United States Bankruptcy Court, E.D. North Carolina · 2018

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