Legal Opinion
United States v. Stump Home Specialties Manufacturing, Incorporated
Court of Appeals for the Seventh Circuit
Decided June 29, 1990No. 89-2573PublishedCited by 32 opinions
1Opinion of the Court
POSNER, Circuit Judge.
The United States sued the guarantors of a loan that, upon the borrower’s defaulting, had been assigned to the Small Business Administration, another guarantor of the loan. After a bench trial, the district judge awarded the United States a judgment for the unpaid principal balance of the loan, some $222,000, plus interest of some $253,-000. The guarantors appeal, denying liability and raising fascinating questions of contract law.
Whose contract law? The Supreme Court has told us that in suits growing out of disputes over loans guaranteed by the Small Business…
2Cases cited24 opinions
- United States v. Kimbell Foods, Inc.Supreme Court of the United States · 1979
- Wisconsin Knife Works v. National Metal CraftersCourt of Appeals for the Seventh Circuit · 1986
- Austin Instrument, Inc. v. Loral Corp.New York Court of Appeals · 1971
- Alaska Packers' Ass'n v. DomenicoCourt of Appeals for the Ninth Circuit · 1902
- Donald S. Powers v. United States Postal ServiceCourt of Appeals for the Seventh Circuit · 1982
19 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- Northwestern National Insurance Company v. William F. DonovanCourt of Appeals for the Seventh Circuit · 1990
- Paper Express, Limited, an Illinois Corporation v. Pfankuch Maschinen Gmbh, a German CorporationCourt of Appeals for the Seventh Circuit · 1992
- Haroco, Incorporated, Roman Ceramics, Incorporated, California Originals, Incorporated v. American National Bank and Trust Company of ChicagoCourt of Appeals for the Seventh Circuit · 1994
- Operating Engineers Local 139 Health Benefit Fund v. Gustafson Construction CorporationCourt of Appeals for the Seventh Circuit · 2001
27 more not listed; retrieve them via the Exa API.