Legal Opinion
Shooters Island Shipyard Co. v. Standard Shipbuilding Corp.
Court of Appeals for the Third Circuit
Decided November 1, 1923No. Nos. 3006, 3008PublishedCited by 16 opinions
1Opinion of the Court
WOOLLEY, Circuit Judge.
This contest for priority between two mortgages turns on a claim to a prior lien in favor of the junior mortgage. In view of the. number of grounds on which the claim is made and resisted, a careful statement of the facts may aid in understanding our decision.
In 1915, Shooters Island Shipyard Company sold its shipbuilding plant, situate on Shooters Island, in New York Bay, to the Standard Shipbuilding Corporation for $1,000,000 and took a purchase money mortgage on lands in the State of New York to secure $863,000, a part of the purchase price. Shooters Island was, and…
2Cases cited28 opinions
- Sloan Shipyards Corp. v. United States Shipping Bd. Emergency Fleet CorporationSupreme Court of the United States · 1922
- United States v. BeebeSupreme Court of the United States · 1888
- Union Bank of Chicago v. Kansas City BankSupreme Court of the United States · 1890
- Stanley v. SchwalbySupreme Court of the United States · 1893
- Chesapeake & Delaware Canal Co. v. United StatesSupreme Court of the United States · 1919
23 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Texas & Pacific Railway Co. v. PottorffSupreme Court of the United States · 1934
- Chapman v. Great Western Gypsum Co.California Supreme Court · 1932
- Camerer v. California Savings & Commercial BankCalifornia Supreme Court · 1935
- In re K-T Sandwich ShoppeDistrict Court, N.D. Ohio · 1929
- Maxwell v. United StatesCourt of Appeals for the Fourth Circuit · 1925
11 more not listed; retrieve them via the Exa API.