Legal Opinion
The Boatmen's National Bank of St. Louis, a National Banking Association v. Sears, Roebuck and Company
Court of Appeals for the Eighth Circuit
Decided February 5, 1997No. 96-2192PublishedCited by 5 opinions
1Opinion of the Court
MURPHY, Circuit Judge.
In exchange for a $5,000,000 revolving line of credit, Boatmen’s National Bank of St. Louis (Boatmen’s) took a security interest in the accounts receivable of Boardman’s Printing Company (BPC). BPC defaulted on its loan and Boatmen’s took assignment of BPC’s accounts receivable. At the time of default, Sears, Roebuck and Company (Sears) owed BPC $909,641.52 for the printing of advertising circulars. When Boatmen’s attempted to collect the money Sears owed BPC, Sears refused to pay the full amount, claiming the right to an offset of what it had paid to BPC’s paper…
2Cases cited6 opinions
- Citizens Bank of Md. v. StrumpfSupreme Court of the United States · 1995
- Thomas J. CARLSON, Trustee, Appellant, v. TANDY COMPUTER LEASING, AppelleeCourt of Appeals for the Eighth Circuit · 1986
- Jane Doe John Roe v. Elijah Wright, Individually and in His Official Capacity as a Deputy in the Pulaski County Sheriff's Department Carroll Gravett, Individually and in His Official Capacity as Sheriff of Pulaski County, Boyd A. Williams, Individually and in His Official Capacity as Chief of Police of the City of Helena, Arkansas, Police Department, Boyd A. Williams, Individually and in His Official Capacity as the Chief of Police of the City of Helena, Arkansas, Police Department, Third Party v. Carroll Gravett, Third Party Jane Doe John Roe v. Elijah Wright, Individually and in His Official Capacity as a Deputy in the Pulaski County Sheriff's Department Carroll Gravett, Individually and in His Official Capacity as Sheriff of Pulaski County Boyd A. Williams, Individually and in His Official Capacity as Chief of Police of the City of Helena, Arkansas, Police Department, Boyd A. Williams, Individually and in His Official Capacity as the Chief of Police of the City of Helena, Arkansas, Police Department, Third Party v. Carroll Gravett, Third Party Jane Doe John Roe v. Elijah Wright, Individually and in His Official Capacity as a Deputy in the Pulaski County Sheriff's Department Carroll Gravett, Individually and in His Official Capacity as Sheriff of Pulaski County, Boyd A. Williams, Individually and in His Official Capacity as Chief of Police of the City of Helena, Arkansas, Police Department, Boyd A. Williams, Individually and in His Official Capacity as the Chief of Police of the City of Helena, Arkansas, Police Department, Third Party v. Carroll Gravett, Third PartyCourt of Appeals for the Third Circuit · 1996
- Doss v. Epic Healthcare Management Co.Missouri Court of Appeals · 1995
- Mercantile Trust Co. National Ass'n v. MosbyMissouri Court of Appeals · 1981
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3Cited by5 opinions
- Platte Valley Bank v. Tetra Financial Group, LLCCourt of Appeals for the Eighth Circuit · 2012
- Lewiston State Bank v. Greenline Equipment, L.L.C.Court of Appeals of Utah · 2006
- Ferris, Baker Watts, Inc. v. Stephenson (In Re MJK Clearing, Inc.)United States Bankruptcy Court, D. Minnesota · 2002
- Maple Securities U.S.A. Inc. v. Stephenson (In Re MJK Clearing, Inc.)United States Bankruptcy Court, D. Minnesota · 2002
- CNH Capital America LLC v. Trainor Grain & Supply Co. (In re Printz)United States Bankruptcy Court, C.D. Illinois · 2012