Legal Opinion
Fidanque v. American Maracaibo Co.
Court of Chancery of Delaware
Decided November 5, 1952PublishedCited by 36 opinions
1Opinion of the Court
Bramhall, Vice Chancellor:
Maracaibo is engaged in the production of crude oil and is the owner of royalties and other oil interests in west Texas, Venezuela and Columbia. The holdings in Venezuela and Columbia are designated respectively as the San Antonia de Guanipa concession and the Barco concession. For several years prior to February, 1951, by reason of a substantial indebtedness, Maracaibo was unable to expand its holdings in the oil field. In February of 1951, when this indebtedness was paid in full, Maracaibo then had sufficient cash with which to invest in any oil projéct which might…
2Cases cited20 opinions
- Rogers v. HillSupreme Court of the United States · 1933
- Blish v. Thompson Automatic Arms Corp.Supreme Court of Delaware · 1948
- Drug, Inc. v. HuntSupreme Court of Delaware · 1933
- Allied Chemical & Dye Corp. v. Steel & Tube Co. of AmericaCourt of Chancery of Delaware · 1923
- Finch v. Warrior Cement Corp.Court of Chancery of Delaware · 1928
15 more not listed; retrieve them via the Exa API.
3Cited by36 opinions
- Michelson v. DuncanSupreme Court of Delaware · 1979
- International Insurance Co., a Corporation v. Alfred M. Johns, James W. McFadden Thomas v. Ogletree, Richard W. Sherman, and G. Paul WhortonCourt of Appeals for the Eleventh Circuit · 1989
- Orzeck v. EnglehartSupreme Court of Delaware · 1963
- Fidanque v. American Maracaibo Co.Court of Chancery of Delaware · 1952
- Puma v. MarriottCourt of Chancery of Delaware · 1971
31 more not listed; retrieve them via the Exa API.