Legal Opinion

Rascar, Inc. v. Bank of Oregon

Court of Appeals of Wisconsin

Decided December 27, 1978No. 77-565PublishedCited by 15 opinions

1Opinion of the CourtDykman, J.

Simon (Sam) Bartus experienced financial difficulties as a result of rebuilding an automobile race track in Oregon, Wisconsin, in 1969. After foreclosure of the race track property was commenced, defendant Bank of Oregon was appointed receiver. In 1972, Bartus arranged for refinancing of the track, and hired Attorney George W. Corning to form Rascar, Inc. and to complete the refinancing arrangements. Bartus was president and Corning was secretary of Rascar, Inc. Bartus owned, and still owns, all the stock in Rascar, Inc.

On June 6, 1972, Rascar, Inc. opened a checking account with the Bank of…

2Cases cited11 opinions

  1. Mercado Ex Rel. Laufer v. MitchellWisconsin Supreme Court · 1978
  2. G & R Corporation, a Delaware Corporation v. American Security & Trust Company, Max S. Kraft and Oscar MarguliesCourt of Appeals for the D.C. Circuit · 1975
  3. Pine Bluff National Bank v. KestersonSupreme Court of Arkansas · 1975
  4. Chicago & North Western Transportation Co. v. Thoreson Food Products, Inc.Wisconsin Supreme Court · 1976
  5. Wolfe v. University National BankCourt of Appeals of Maryland · 1973

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3Cited by15 opinions

  1. Kuwait Airways Corporation v. American Security Bank, N.A. And First American Bank, N.A.Court of Appeals for the First Circuit · 1990
  2. Knight Communications, Inc. v. Boatmen's National Bank of St. LouisMissouri Court of Appeals · 1991
  3. Provident Savings Bank v. United Jersey BankNew Jersey Superior Court Appellate Division · 1985
  4. First National Bank of Mercedes v. La Sara Grain Co.Court of Appeals of Texas · 1982
  5. Southern Contract Carpe, Inc. v. Cty. Nat. Bk. of S. Fla.District Court of Appeal of Florida · 1988

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