Legal Opinion

United States v. Mary Stuart

Court of Appeals for the Third Circuit

Decided April 4, 1968No. 16710PublishedCited by 55 opinions

1Opinion of the Court

OPINION OF THE COURT

SEITZ, Circuit Judge.

On January 24, 1959, Stuart Lumber Company, Inc. (“Company”) obtained a loan of $150,000 from the First National Bank of Carbondale (“Bank”) and the Small Business Administration (“SBA”), an agency of the United States. As additional collateral security, Joseph Stuart and Mary Stuart, his wife, executed a guaranty agreement and a confession of judgment in favor of the Bank, its successors and assigns.

In March 1962, the loan being in default, the Bank assigned all documents held by it to the SBA. On July 16, 1962, a judgment was entered in favor of the…

2Cases cited2 opinions

  1. United States v. Anasae International CorporationDistrict Court, S.D. New York · 1961
  2. United States v. Morrisdale Coal Co.District Court, E.D. Pennsylvania · 1942

3Cited by55 opinions

  1. Paul J. Glick v. White Motor Company v. North American Rockwell Corp., (Third Party Defendant)Court of Appeals for the Third Circuit · 1972
  2. United States v. Miami University Ohio State University, the Chronicle of Higher Education, InterveningCourt of Appeals for the Sixth Circuit · 2002
  3. Dr. D. W. NEWMAN Et Al., Appellees, v. Ferrell PRIOR, AppellantCourt of Appeals for the Fourth Circuit · 1975
  4. Harriet H. Hoffman, of the Estate of Ivan M. Hoffman v. Anthony Celebrezze, Secretary of Health, Education and WelfareCourt of Appeals for the Eighth Circuit · 1969
  5. Warner v. City of Bay St. LouisCourt of Appeals for the Fifth Circuit · 1976

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