Legal Opinion

Nationscredit Commercial Corp. v. Grauel Enterprises, Inc.

Indiana Court of Appeals

Decided December 14, 1998No. 79A04-9712-CV-516PublishedCited by 15 opinions

1Opinion of the Court

OPINION

NAJAM, Judge.

STATEMENT OF THE CASE

This appeal arises from a dispute between NationsCredit Commercial Corporation (“NationsCredit”), 1 a commercial lender, and Grauel Enterprises, Inc. (“Grauel”), its borrower, concerning ownership of prompt-payment discounts accumulated in a “Reserve Account” maintained by NationsCredit under a financing and security agreement. Grauel filed a declaratory judgment action seeking a determination that it owned the discounts. NationsCredit unsuccessfully moved for summary judgment. Following a bench trial, the court found in favor of Grauel. NationsCre-dit…

2Cases cited12 opinions

  1. Midland-Guardian Co. v. United Consumers Club, Inc.Indiana Court of Appeals · 1986
  2. Sun Co. (R&M) v. Pennsylvania Turnpike CommissionCommonwealth Court of Pennsylvania · 1998
  3. First Home Savings Bank, FSB v. NernbergSuperior Court of Pennsylvania · 1994
  4. Pinnacle Computer Services, Inc. v. Ameritech Publishing, Inc.Indiana Court of Appeals · 1994
  5. Bethlehem Steel Corp. v. MATX, Inc.Superior Court of Pennsylvania · 1997

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3Cited by15 opinions

  1. Whitaker v. BrunnerIndiana Court of Appeals · 2004
  2. Smeigh v. Johns Manville, Inc.Court of Appeals for the Seventh Circuit · 2011
  3. Heritage Mutual Insurance v. Advanced Polymer Technology, Inc.District Court, S.D. Indiana · 2000
  4. Gilliana v. PaniaguasIndiana Court of Appeals · 1999
  5. Wellington Power Corp. v. CNA Surety Corp.West Virginia Supreme Court · 2005

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