Legal Opinion

United California Bank v. THC Financial Corp.

Court of Appeals for the Ninth Circuit

Decided July 25, 1977No. Nos. 75-1811, 75-2733PublishedCited by 52 opinions

1Opinion of the Court

EUGENE A. WRIGHT, Circuit Judge:

This breach of contract suit against The Hawaii Company Financial Corp. (THCF) by United California Bank (UCB) arises from THCF’s refusal to purchase $500,000 of Climate Company’s (Climate) promissory notes from UCB upon demand pursuant to a “put letter” of July 2, 1973.1

Under the terms of the put letter UCB was to extend a $500,000 line of credit to Climate for six months conditioned on THCF’s agreement to buy from UCB on demand all notes given by Climate to secure the advances. THCF would take an assignment of all Climate of Hawaii accounts receivable to…

2Cases cited46 opinions

  1. Alyeska Pipeline Service Co. v. Wilderness SocietySupreme Court of the United States · 1975
  2. The Boeing Company v. Daniel C. ShipmanCourt of Appeals for the Fifth Circuit · 1969
  3. Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
  4. Continental Ore Co. v. Union Carbide & Carbon Corp.Supreme Court of the United States · 1962
  5. United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975

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

3Cited by52 opinions

  1. California Computer Products, Inc. And Century Data Systems, Inc., Plaintiffs v. International Business MacHines CorporationCourt of Appeals for the Ninth Circuit · 1979
  2. UNITED STATES of America, Plaintiff-Appellee, v. James E. KESSI, Defendant-AppellantCourt of Appeals for the Ninth Circuit · 1989
  3. Russell Eugene Hurd v. American Hoist and Derrick Company, a Delaware CorporationCourt of Appeals for the Tenth Circuit · 1984
  4. Underhill v. RoyalCourt of Appeals for the Ninth Circuit · 1985
  5. Amfac Mortgage Corp. v. Arizona Mall of Tempe, Inc.Court of Appeals for the Ninth Circuit · 1978

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

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