Legal Opinion

United States v. Love

District Court, E.D. Michigan

Decided March 23, 1971No. Civ. A. No. 34961PublishedCited by 2 opinions

1Opinion of the Court

RULING ON MOTION FOR SUMMARY JUDGMENT

KEITH, District Judge.

On December 18, 1968, the Small Business Administration made a loan to defendants, Vernon Love, Jr., and La-Verne Love, to enable them to purchase a tractor-trailer. The Loves executed a note in the amount of Nine Thousand ($9,000.00) Dollars, and as collateral the Small Business Administration took a security interest in the tractor-trailer, which was duly recorded. Paragraph six of the Security Agreement provides that the defendant maintain an insurance policy on the tractor-trailer and that the policy contain a “Lenders Loss…

2Cases cited10 opinions

  1. United States v. SherwoodSupreme Court of the United States · 1941
  2. Federal Crop Ins. Corp. v. MerrillSupreme Court of the United States · 1947
  3. United States v. City of New BritainSupreme Court of the United States · 1954
  4. Royal Indemnity Co. v. United StatesSupreme Court of the United States · 1941
  5. United States v. Minnesota Mutual Investment Co.Supreme Court of the United States · 1926

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3Cited by2 opinions

  1. S. Schonfeld Company, Inc. v. SS Akra TenaronDistrict Court, D. South Carolina · 1973
  2. EC ROBINSON LUMBER COMPANY v. HughesDistrict Court, E.D. Missouri · 1972

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