Legal Opinion
Transamerica Ins. Co. v. Whitney National Bank of New Orleans
Supreme Court of Louisiana
Decided January 15, 1968No. 48667PublishedCited by 13 opinions
1Opinion of the Court
SUMMERS, Justice.
In September 1962 Whitney National Bank of New Orleans made a series of loans aggregating $3,402,320 to Allied Crude Vegetable Oil Refining Corporation of Bayonne, New Jersey. The notes representing the loan were made payable in New Orleans. As security therefor, Allied Crude delivered warehouse receipts issued by American Express Warehousing Ltd. and others for over 40,000,000 pounds of soybean oil purportedly stored in Bayonne, New Jersey. When the notes were not paid at maturity, the bank looked to its collateral and found that the amount of oil in the warehouses was…
2Cases cited15 opinions
- Landis v. North American Co.Supreme Court of the United States · 1936
- State Bank of Poplar Bluff v. Maryland Casualty CompanyCourt of Appeals for the Eighth Circuit · 1961
- The Exchange National Bank of Olean v. Insurance Company of North AmericaCourt of Appeals for the Second Circuit · 1965
- Burton v. LesterSupreme Court of Louisiana · 1955
- Fidelity Trust Company v. American Surety Company of New York and Hartford Accident and Indemnity CompanyCourt of Appeals for the Third Circuit · 1959
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3Cited by13 opinions
- Thompson v. Medical Licensing BoardIndiana Court of Appeals · 1979
- Richard v. Southern Farm Bureau Casualty InsuranceSupreme Court of Louisiana · 1969
- Cajun Electric Power Cooperative, Inc. v. Triton Coal Co.Louisiana Court of Appeal · 1991
- In re Harrier TrustLouisiana Court of Appeal · 2018
- Bell v. Travelers Indemnity Co.Louisiana Court of Appeal · 1986
8 more not listed; retrieve them via the Exa API.