Legal Opinion

First National Bank of Chicago v. Jefferson Mortgage Co.

Court of Appeals for the Third Circuit

Decided March 31, 1978No. Nos. 77-1040 and 77-1505 to 77-1507PublishedCited by 7 opinions

1Opinion of the Court

OPINION OF THE COURT

CHRISTENSEN, District Judge.

These consolidated appeals from the same diversity of citizenship ease tried to the court involve an oral contract to sell mortgage-backed securities for $5,000,000. The case began rather simply.

The First National Bank of Chicago alleged in its complaint that through a mortgage broker, J. I. Kislak Mortgage Co., it entered into a contract by which it purchased from the defendant, Jefferson Mortgage Company certain 30 year mortgage-backed securities in the principal amount of $5,000,000 fully guaranteed as to payment of principal and interest by…

2Cases cited34 opinions

  1. United States v. United States Gypsum Co.Supreme Court of the United States · 1948
  2. Zenith Radio Corp. v. Hazeltine Research, Inc.Supreme Court of the United States · 1969
  3. George S. Krasnov v. Brendan DinanCourt of Appeals for the Third Circuit · 1972
  4. Angeline OSTAPOWICZ, Plaintiff-Appellee, v. JOHNSON BRONZE COMPANY, Defendant-AppellantCourt of Appeals for the Third Circuit · 1976
  5. Ellsworth Dobbs, Inc. v. JohnsonSupreme Court of New Jersey · 1967

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3Cited by7 opinions

  1. Cosden Oil & Chemical Company, Cross-Appellee v. Karl O. Helm Aktiengesellschaft, Cross-AppellantCourt of Appeals for the Fifth Circuit · 1984
  2. In Re Legel Braswell Government Securities Corporation, Bankrupt. Plano Savings & Loan Association v. Irving Trust CompanyCourt of Appeals for the Eleventh Circuit · 1983
  3. MortgageAmerica Corp. v. American National Bank of AustinCourt of Appeals of Texas · 1983
  4. Nanavati v. Burdette Tomlin Memorial HospitalDistrict Court, D. New Jersey · 1986
  5. E.F. Hutton & Co. v. First Florida Securities, Inc.District Court, S.D. New York · 1987

2 more not listed; retrieve them via the Exa API.

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