Legal Opinion
United States v. H. E. Crain and Ethel E. Crain, Husband and Wife, and Coconino County, Arizona
Court of Appeals for the Ninth Circuit
Decided January 17, 1979No. 76-1574PublishedCited by 37 opinions
1Opinion of the Court
CHOY, Circuit Judge:
Harold and Ethel Crain appeal from the district court’s summary judgment finding them liable on their personal guarantee of a Small Business Administration (SBA) loan and foreclosing the mortgage securing that guarantee. We affirm in part, and reverse and remand in part.
I
On January 12, 1968, the SBA loaned $100,000 to the Haining Lumber Company, Inc. Haining provided collateral for the loan. In addition, the loan was personally guaranteed by Harold Crain, then president of Haining, and his wife Ethel Crain, who owned 75% of Haining’s stock. The guarantee was secured by a…
2Cases cited21 opinions
- Securities & Exchange Commission v. Chenery Corp.Supreme Court of the United States · 1943
- Textile Workers v. Lincoln Mills of Ala.Supreme Court of the United States · 1957
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Clearfield Trust Co. v. United StatesSupreme Court of the United States · 1943
- Helvering v. GowranSupreme Court of the United States · 1937
16 more not listed; retrieve them via the Exa API.
3Cited by37 opinions
- Thos. P. Gonzalez Corporation v. Consejo Nacional De Produccion De Costa Rica, and Sergio Quiros MarotoCourt of Appeals for the Ninth Circuit · 1980
- Republic of the Philippines v. MarcosCourt of Appeals for the Second Circuit · 1986
- Black v. PayneCourt of Appeals for the Ninth Circuit · 1979
- Amoco Production Co. v. United StatesCourt of Appeals for the Tenth Circuit · 1980
- Republic of Philippines v. MarcosCourt of Appeals for the Second Circuit · 1986
32 more not listed; retrieve them via the Exa API.