Legal Opinion
Aztec Properties, Inc. v. Union Planters National Bank of Memphis
Tennessee Supreme Court
Decided October 27, 1975PublishedCited by 6 opinions
1Opinion of the Court
OPINION
BROCK, Justice.
This is an action to recover on a promissory note. The facts are stipulated.
On July 12, 1974, Aztec Properties, Inc., executed a promissory note payable to Union Planters National Bank of Memphis in exchange for a $50,000.00 loan. The prom-isor agreed to pay the promisee $50,000.00, “in constant United States Dollars adjusted for inflation (deflation)” with interest at ten percent per annum. The adjusted principal was to be calculated according to a formula contained in the note, to wit:
“Amount of principal due shall equal the amount of original principal multiplied by…
2Cases cited11 opinions
- Norman v. Baltimore & Ohio RailroadSupreme Court of the United States · 1935
- Bank of the United States v. Waggener and OthersSupreme Court of the United States · 1835
- Guaranty Trust Co. v. HenwoodSupreme Court of the United States · 1939
- Holyoke Water Power Co. v. American Writing Paper Co.Supreme Court of the United States · 1937
- In re Mansfield Steel Corp.District Court, E.D. Michigan · 1929
6 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Riverside Park Realty Co. v. Federal Deposit InsuranceDistrict Court, M.D. Tennessee · 1978
- Cumberland Capital Corp. v. PattyTennessee Supreme Court · 1977
- REC Centers, Inc. v. ShaughnessyDistrict Court of Appeal of Florida · 1981
- Shaughnessy v. Rec Centers, Inc.District Court of Appeal of Florida · 1978
- Bandy v. RobertsDistrict Court, E.D. Tennessee · 2022
1 more not listed; retrieve them via the Exa API.