Legal Opinion
Chemical Bank v. Meltzer
New York Court of Appeals
Decided May 4, 1999PublishedCited by 32 opinions
1Opinion of the Court
OPINION OF THE COURT
Wesley, J.
This appeal highlights the innovative and complex financing strategies used by local government officials to attract corporations to their municipalities and to stimulate economic development. We are asked to dust off the venerable law of suretyship, guaranty and subrogation and to reexamine these principles within the context of a multifaceted, contemporary business transaction which involves several parties, sophisticated financing arrangements and a variety of legal obligations.
In 1984 Major Building Products Wholesalers, Inc. sought to acquire land to…
2Cases cited8 opinions
- General Phoenix Corp. v. CabotNew York Court of Appeals · 1949
- United States Fidelity & Guaranty Co. v. Triborough Bridge AuthorityNew York Court of Appeals · 1947
- Ellsworth v. . LockwoodNew York Court of Appeals · 1870
- American Surety Co. v. PalmerNew York Court of Appeals · 1925
- National Exchange Bank v. . SillimanNew York Court of Appeals · 1875
3 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- Commercial Money Center, Inc. v. Illinois Union InsuranceCourt of Appeals for the Sixth Circuit · 2007
- Hamlet at Willow Creek Development Co. v. Northeast Land Development Corp.Appellate Division of the Supreme Court of the State of New York · 2009
- Dumitru v. Princess Cruise Lines, Ltd.District Court, S.D. New York · 2010
- In Re Capmark Financial Group Inc.United States Bankruptcy Court, D. Delaware · 2010
- National Energy & Gas Transmission, Inc. v. Liberty Electric Power, LLC (In Re National Energy & Gas Transmission, Inc.)Court of Appeals for the Fourth Circuit · 2007
27 more not listed; retrieve them via the Exa API.