Legal Opinion

First Indiana Bank, a Federal Savings Bank v. David J. Baker

Court of Appeals for the First Circuit

Decided March 19, 1992No. 90-3772, 91-1426PublishedCited by 93 opinions

1Opinion of the Court

COFFEY, Circuit Judge.

On January 15, 1991, the district court entered a Rule 54(b) judgment granting First Indiana Bank’s motion for summary judgment, holding that David J. Baker was liable for Cardinal Industries, Inc.’s, 1 default on a loan payment because Baker was a guarantor of the loan. Baker appeals the entry of judgment against him in the amount of $618,475.84. We affirm.

I.FACTS

Cardinal Industries applied for and received a loan from First Indiana Bank in the amount of $501,500 on December 16, 1982. At the time, in exchange for the loan, Cardinal executed a promissory note in favor of…

2Cases cited5 opinions

  1. Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
  2. United States v. Marvin BerkowitzCourt of Appeals for the Seventh Circuit · 1991
  3. Loudermilk v. CaseyIndiana Court of Appeals · 1982
  4. Vanek v. Indiana National BankIndiana Court of Appeals · 1989
  5. Vanek v. Indiana National BankIndiana Supreme Court · 1990

3Cited by93 opinions

  1. Thompson v. BoggsCourt of Appeals for the Seventh Circuit · 1994
  2. Connie M. Tolle v. Carroll Touch, Inc.Court of Appeals for the Seventh Circuit · 1994
  3. Lora S. Ilhardt v. Sara Lee Corporation, a Maryland CorporationCourt of Appeals for the Seventh Circuit · 1997
  4. Hadley v. PetersDistrict Court, C.D. Illinois · 1994
  5. Seward v. B.O.C. Division of General Motors Corp.District Court, N.D. Illinois · 1992

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