Legal Opinion
Oakes v. Michigan Oil Co.
Supreme Court of Alabama
Decided September 13, 1985No. 84-84PublishedCited by 5 opinions
1Opinion of the Court
This is an appeal by Thomas Jerry Oakes from an order dissolving a preliminary injunction and finding valid, as a matter of law, a subordination agreement. We affirm.
The relevant facts are as follows: Appellant Oakes is the owner of a 163-acre tract of land situated in Lamar County. This tract of land is subject to several mortgages, an oil and gas lease, and various other liens and claims that are not relevant to this appeal.
The first mortgage on the property, a Farmers Home Administration (FHA) mortgage, was given on November 6, 1975, securing a note in the principal amount of $21,410. The…
2Cases cited4 opinions
- Republic National Life Insurance Co. v. Lorraine Realty Corp.Supreme Court of Minnesota · 1979
- Freeman v. First State Bank of AlbertvilleSupreme Court of Alabama · 1981
- Morgan v. KlineSupreme Court of Iowa · 1889
- Putnam v. BrotenNorth Dakota Supreme Court · 1930
3Cited by5 opinions
- Sutton v. United States Small Business AdministrationCourt of Appeals for the Sixth Circuit · 2003
- Marriott Family Restaurants, Inc. v. Lunan Family Restaurants (In Re Lunan Family Restaurants)United States Bankruptcy Court, N.D. Illinois · 1996
- Graydon v. Colonial Bank-Gulf Coast RegionSupreme Court of Alabama · 1992
- LPP Mortgage, Ltd. v. RussellCourt of Civil Appeals of Alabama · 2004
- LPP Mortgage, Ltd. v. RussellCourt of Civil Appeals of Alabama · 2004