Legal Opinion
United States v. Rich
District Court, E.D. California
Decided April 14, 1994No. CIV-S-92-944-DFL-GGHPublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM OF OPINION AND ORDER
LEVI, District Judge.
The United States seeks a money judgment for the balance owing on a $25,000 loan made by the Farmers Home Administration (FmHA) to defendants for the purchase of farm equipment. Defendants admit that the loan is in default, but assert that the FmHA is barred from suit on the note by the statute of limitations, estoppel, and FmHA’s unreasonable conduct. Both parties move for summary judgment.
I
On September 26, 1980, FmHA loaned $225,000 to the Riches for the purchase of a ranch. In exchange, the Riches executed a promissory note for $225,000,…
2Cases cited10 opinions
- Badaracco v. CommissionerSupreme Court of the United States · 1984
- Bankr. L. Rep. P 75,305 United States of America v. Dos Cabezas Corp., an Arizona Corporation State of Arizona Department of Economic SecurityCourt of Appeals for the Ninth Circuit · 1993
- Federal Deposit Insurance Corporation v. Former Officers And Directors Of Metropolitan BankCourt of Appeals for the Ninth Circuit · 1989
- Coleman v. BlockDistrict Court, D. North Dakota · 1983
- United States of America, Appellee/cross-Appellant v. Leon G. Feterl, Appellant/cross-AppelleeCourt of Appeals for the Eighth Circuit · 1988
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3Cited by1 opinion
- Pago Petroleum Products, Inc. v. Ye Ahn Moolsoan, Ltd.High Court of American Samoa · 1995