Legal Opinion
Continental Can Co. v. Owensboro Canning Co. (In Re Owensboro Canning Co.)
United States Bankruptcy Court, W.D. Kentucky
Decided February 19, 1985No. 19-10184PublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM OPINION
MERRITT S. DEITZ, Jr., Bankruptcy Judge.
The issue we consider in today’s opinion is whether the Continental Can Company, Inc., holds a valid security interest in the receivables, inventory and raw materials of the Chapter 11 debtor, Owensboro Canning Co., Inc. Our determination hinges in major part on the measurement of an “agreement letter” against applicable state law.
In August, 1983, Continental’s management, increasingly concerned over unpaid bills of $183,506 owed to it by Owensboro Canning, sent its house counsel, William Christopher, to meet with the debtor company in…
2Cases cited15 opinions
- In Re Clarence Oral Calhoun Fdba Bimbo's Place, Debtor. Jo Ann Long Fka Jo Ann Calhoun v. Clarence Oral Calhoun Fdba Bimbo's PlaceCourt of Appeals for the Sixth Circuit · 1983
- In Re American Mariner Industries, Inc., Debtor. Crocker National Bank v. American Mariner Industries, Inc., Debtor-AppelleeCourt of Appeals for the Ninth Circuit · 1984
- Hotchkiss v. National City Bank of New YorkDistrict Court, S.D. New York · 1911
- In the Matter of Bollinger Corporation, Bankrupt. Appeal of Carl L. Bigler, Trustee for Bollinger CorporationCourt of Appeals for the Third Circuit · 1980
- In the Matter of Numeric Corp., Bankrupt. Appeal of Russell E. BlankCourt of Appeals for the First Circuit · 1973
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3Cited by3 opinions
- Minstar, Inc. v. Plastech Research, Inc. (In Re Arctic Enterprises, Inc.)District Court, D. Minnesota · 1986
- Continental Can Co. v. Owensboro Canning Co. (In Re Owensboro Canning Co.)District Court, W.D. Kentucky · 1988
- Walker v. Finch (In Re Padgett)United States Bankruptcy Court, W.D. Kentucky · 1985