Legal Opinion
Southern National Bank of Houston, Houston, Texas v. Crateo, Inc., Formerly Known as Tri Financial Corporation
Court of Appeals for the Fifth Circuit
Decided April 19, 1972No. 71-1248PublishedCited by 37 opinions
1Opinion of the Court
AINSWORTH, Circuit Judge:
Southern National Bank (plaintiff-ap-pellee) and Crateo (defendant-appellant) allegedly entered into an enforceable contract requiring Crateo to purchase, upon timely tender from Southern, a certain negotiable note. When Crateo refused to make that purchase, Southern fore*690closed on the security for the note, allegedly suffering $200,000 in liquidated damages, represented by the difference between the contract price of $600,000 and the $400,000 realized on foreclosure. Additionally, Southern purportedly incurred some $43,000 in attorneys’ fees. Asserting diversity…
2Cases cited16 opinions
- Vaughan v. AtkinsonSupreme Court of the United States · 1962
- Thigpen v. LockeTexas Supreme Court · 1962
- Harley v. Magnolia Petroleum Co.Illinois Supreme Court · 1941
- Houston & Texas Central Railroad v. McCartyTexas Supreme Court · 1901
- Bildon Farms, Inc. v. Ward County Water Improvement Dist. No. 2Texas Supreme Court · 1967
11 more not listed; retrieve them via the Exa API.
3Cited by37 opinions
- U-Haul International, Inc., an Oregon Corp. v. Jartran, Inc., a Florida Corporation, and James A. RyderCourt of Appeals for the Ninth Circuit · 1986
- Raymond J. Donovan, Secretary of the United States Department of Labor v. Tommy Mercer and Wanda Jo MercerCourt of Appeals for the Fifth Circuit · 1984
- Nepera Chemical, Inc. v. Sea-Land Service, Inc.Court of Appeals for the D.C. Circuit · 1986
- In Re Crateo, Inc., Bankrupt. Crateo, Inc. v. Intermark, Inc.Court of Appeals for the Ninth Circuit · 1976
- American Heritage Life Insurance v. LangCourt of Appeals for the Fifth Circuit · 2003
32 more not listed; retrieve them via the Exa API.