Legal Opinion
Decatur Ventures, LLC v. Kimberly Daniel
Court of Appeals for the Seventh Circuit
Decided May 4, 2007No. 06-3441PublishedCited by 9 opinions
1Opinion of the Court
EASTERBROOK, Chief Judge.
Michael Stapleton made Trent Decatur a terrific offer: Stapleton would locate “under-valued” homes, arrange to borrow more than the actual purchase price, and use the surplus to fix up the properties so that they could be rented. All Decatur had to do was agree to repay the loans. Stapleton promised to supply the down payment, do the repairs, and locate the tenants. Decatur could put his feet up on the desk and wait for the rentals to roll in, enough to retire the loans with profit to spare.
Like most offers too good to be true, this was not true. After remitting…
2Cases cited7 opinions
- Ultramares Corp. v. ToucheNew York Court of Appeals · 1931
- Essex v. RyanIndiana Court of Appeals · 1983
- Jerry Ackerman v. Howard K. Schwartz and Bassey, Selesko and Couzens P.C.Court of Appeals for the Seventh Circuit · 1991
- Block v. Lake Mortg. Co., Inc.Indiana Court of Appeals · 1992
- Emmons v. BrownIndiana Court of Appeals · 1992
2 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Fehribach v. Ernst & Young LLPCourt of Appeals for the Seventh Circuit · 2007
- Freedom Mortgage Corp. v. Burnham Mortgage, Inc.Court of Appeals for the Seventh Circuit · 2009
- BSA Construction LLC v. Jimmie E. JohnsonIndiana Court of Appeals · 2016
- Masters v. AstrueDistrict Court, N.D. Illinois · 2011
- Edwards v. Tennessee Valley Federal Credit UnionDistrict Court, E.D. Tennessee · 2024
4 more not listed; retrieve them via the Exa API.