Legal Opinion
In the Matter of Morris Paint and Varnish Company, Debtor-Appellant
Court of Appeals for the Seventh Circuit
Decided September 5, 1985No. 84-2884PublishedCited by 49 opinions
1Opinion of the Court
I
CUDAHY, Circuit Judge.
In November 1979, appellant Morris Paint & Varnish Company (“Morris”) borrowed $285,000 from appellee, MidAmerica Bank & Trust Company of Edgemont (“the Bank”). This ten-year loan was guaranteed by the Small Business Administration, and was also secured by a mortgage on Morris’ business property. The mortgage agreement required Morris to obtain a fire insurance policy on the property, with a company and in an amount satisfactory to the Bank, which would name the Bank as the loss payee of the policy. In addition, the agreement provided that in the event of loss, the Bank…
2Cases cited7 opinions
- S. A. Empresa De Viacao Aerea Rio Grandense (Varig Airlines) v. Walter Kidde & Company, Inc.Court of Appeals for the Ninth Circuit · 1982
- Garza v. Chicago Health Clubs, Inc.District Court, N.D. Illinois · 1972
- Ashwell & Company, Inc. v. Transamerica Insurance CompanyCourt of Appeals for the Seventh Circuit · 1969
- United States v. Richard K. Ehrlich and Lurline Gardens Limited Dividend Housing PartnershipCourt of Appeals for the Ninth Circuit · 1981
- Dale v. Groebe & Co., RealtorsAppellate Court of Illinois · 1981
2 more not listed; retrieve them via the Exa API.
3Cited by49 opinions
- Nieves v. University of Puerto RicoCourt of Appeals for the First Circuit · 1993
- Walter v. FiorenzoCourt of Appeals for the Seventh Circuit · 1988
- Anita Jones v. City of Chicago, Gloria Padilla v. City of ChicagoCourt of Appeals for the Seventh Circuit · 1986
- Powers v. DoleCourt of Appeals for the Seventh Circuit · 1986
- Stephanie Beckel v. Wal-Mart Associates, Inc.Court of Appeals for the Seventh Circuit · 2002
44 more not listed; retrieve them via the Exa API.