Legal Opinion
General Securities Corp. v. City of Homewood
Court of Appeals for the Fifth Circuit
Decided November 15, 1933No. 6967PublishedCited by 2 opinions
1Opinion of the Court
HUTCHESON, Circuit Judge.
This suit was brought by the city of Homewood to recover $90,000, the purchase price of bonds it had sold defendant. The only defense was payment. This was rejected by the jury, and plaintiff had a verdict.
Appellant, assigning many and various errors, comes complaining that by the judgment it has been made to pay twice for the bonds it bought. All of its assignments, however, relate to the one question; whether, in view of the complete insolvency of the bank on January 9, 1930, within the full knowledge of King, the vice president, cashier, and general manager of the…
2Cases cited10 opinions
- The Distilled SpiritsSupreme Court of the United States · 1871
- American Nat. Bank of Nashville v. MillerSupreme Court of the United States · 1913
- Curtis, Collins & Holbrook Co. v. United States, and Twenty-Three Other CasesSupreme Court of the United States · 1923
- Taylor v. . Commercial BankNew York Court of Appeals · 1903
- Girard Fire Marine Ins. Co. v. GunnSupreme Court of Alabama · 1930
5 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- In Re HealthSouth Corp. Ins. LitigationDistrict Court, N.D. Alabama · 2004
- Wonnacott v. Denver & Rio Grande Western R. CoCourt of Appeals for the Tenth Circuit · 1951