Legal Opinion
In the Matter of Tape City, U.S.A., Inc., Debtor. Borg-Warner Acceptance Corporation v. Tape City, U.S.A., Inc.
Court of Appeals for the Fifth Circuit
Decided April 30, 1982No. 81-3428PublishedCited by 20 opinions
1Per curiam
Tape City, U.S.A., Inc. (Tape City) appeals from a District Court judgment af firming the decision of the Bankruptcy Court. On the baseball theory of three strikes, you’re out, we affirm.
Borg-Warner Acceptance Corporation (Borg-Warner) in December 1979 entered into an agreement with Tape City to finance part of Tape City’s inventory in its New Orleans area stores. Suppliers sold merchandise to Borg-Warner, which paid them, but they shipped directly to Tape City. Borg-Warner and the suppliers executed various security devices including an assignment of the suppliers’ Louisiana vendor’s…
2Cases cited4 opinions
- Bernard v. Beneficial Finance Co.Supreme Court of the United States · 1969
- In Re TrahanDistrict Court, W.D. Louisiana · 1968
- In the Matter of Wallace Lincolnmercury Company, Inc., Bankrupt, Ford Motor Credit Company v. Herschel A. Gentry, TrusteeCourt of Appeals for the Fifth Circuit · 1972
- In the Matter of Caldwell Joseph Trahan. Rodney Bernard, Jr., Trustee v. Beneficial Finance CompanyCourt of Appeals for the Fifth Circuit · 1969
3Cited by20 opinions
- Hughes v. MackCourt of Appeals for the Fifth Circuit · 1983
- In Re Elmer Walter Dorla Walter, Debtors. United States of America v. John J. Hunter, TrusteeCourt of Appeals for the Sixth Circuit · 1995
- In The Matter Of Martin Exploration CompanyCourt of Appeals for the Fifth Circuit · 1984
- In Re BatesUnited States Bankruptcy Court, D. Oregon · 1987
- Saslow v. Andrew (In re Loretto Winery Ltd.)Court of Appeals for the Ninth Circuit · 1990
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