Legal Opinion
Avondale Shipyards, Inc. v. Tank Barge Ets 2303
Court of Appeals for the Fifth Circuit
Decided March 15, 1985No. 84-3304PublishedCited by 10 opinions
1Opinion of the Court
RANDALL, Circuit Judge:
Creditors caused the arrest of the M/V Precursor. A United States Marshal sold the vessel at an interlocutory sale on July 6, 1982. This appeal involves a priority fight over the sale proceeds between the holder of a ship mortgage on the vessel and a maritime lien claimant. The issue presented is whether a renewal mortgage may take priority over an intervening maritime lien if it is executed by a new mortgagor who has assumed the original mortgagor’s indebtedness to the mortgagee. The district court granted summary judgment for the lien claimant. For the reasons that…
2Cases cited21 opinions
- Merchants & Marine Bank v. The Fishing Vessel T. E. Welles, Etc.Court of Appeals for the Fifth Circuit · 1961
- Meredosia Harbor & Fleeting Service, Inc. v. MagillCourt of Appeals for the Seventh Circuit · 1976
- Howell v. DowlingCalifornia Court of Appeal · 1942
- Copp v. MillenCalifornia Supreme Court · 1938
- Burlington Building & Loan Ass'n v. CummingsSupreme Court of Vermont · 1941
16 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Bank of America, NT & SA v. PengwinCourt of Appeals for the Ninth Circuit · 1999
- In Re McLean Industries, Inc.United States Bankruptcy Court, S.D. New York · 1988
- Southern Reef Fisheries v. O/S Broadfire LeaderCourt of Appeals for the Eleventh Circuit · 1986
- Westinghouse Credit Corp. v. O/S DOROTHY CLAIRE on 559486District Court, E.D. Texas · 1989
- C.I.T. Corp. v. M/V WinchesterDistrict Court, E.D. Virginia · 1986
5 more not listed; retrieve them via the Exa API.