Legal Opinion

United States v. R & D One Stop Records, Inc.

Court of Appeals for the Fifth Circuit

Decided November 16, 1981No. 80-1474PublishedCited by 20 opinions

1Opinion of the Court

JOHN R. BROWN, Circuit Judge:

This case arises from a default on a Small Business Administration (SBA) promissory note with a 100% guaranty by the president of a company and three other individuals. Finding that the government was entitled to summary judgment in its favor, we affirm.

I

In November 1974, R & D One Stop Records, Inc. (R & D), a Texas corporation, executed and delivered to the Dallas office of the SBA a promissory note in the principal sum of $100,000. The note was unconditionally guaranteed, 100% of the principal and interest, jointly and severally, by the president of the…

2Cases cited11 opinions

  1. Poller v. Columbia Broadcasting System, Inc.Supreme Court of the United States · 1962
  2. Federal Crop Ins. Corp. v. MerrillSupreme Court of the United States · 1947
  3. Bernard E. Keiser v. Coliseum Properties, Inc., A. Don Fleck v. Auditing Services, Inc., H. G. Lortscher v. Auditing Services, Inc.Court of Appeals for the Fifth Circuit · 1980
  4. Fed. Sec. L. Rep. P 96,925 Dresser Industries, Inc., a Corporation, on Its Own Behalf and on Behalf of Certain Dresser Employees v. United StatesCourt of Appeals for the Fifth Circuit · 1979
  5. United States v. The State of Florida and Gulf Power Company, John R. TuckerCourt of Appeals for the Fifth Circuit · 1973

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3Cited by20 opinions

  1. United States v. Vahlco Corp.Court of Appeals for the Fifth Circuit · 1983
  2. United States v. Little Joe Trawlers, Inc., Etc., and Enrique Rangel Salinas and Concha Rangel SalinasCourt of Appeals for the Fifth Circuit · 1985
  3. Robert Orin Shaw A/K/A David Carr v. William French Smith, Attorney GeneralCourt of Appeals for the Fifth Circuit · 1982
  4. Rosas v. U.S. Small Business Admin.Court of Appeals for the Fifth Circuit · 1992
  5. Houston North Hospital Properties v. Telco Leasing, Inc.Court of Appeals for the Fifth Circuit · 1982

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