Legal Opinion
Delta Sav. & Loan Ass'n, Inc. v. Acv, Inc.
District Court, M.D. Louisiana
Decided October 25, 1990No. Civ. A. 89-683-BPublishedCited by 3 opinions
1Opinion of the Court
RULING ON THE RESOLUTION TRUST CORPORATION’S MOTION FOR SUMMARY JUDGMENT
POLOZOLA, District Judge.
On June 28, 1984, A.C.V., Inc. (ACV) executed a loan agreement and a secured promissory note with Commercial Federal Savings & Loan Association (Commercial Federal) in the principal amount of $3,200,-000.00 bearing an annual interest rate of 15% and payable upon demand. 1 The secured promissory note was sold, assigned, delivered, and transferred to Delta Savings & Loan Association, Inc. (Delta) on May 27, 1988. After Delta made an unsuccessful demand for payment on ACV, Delta notified ACV that it…
2Cases cited12 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Marian Fontenot, Etc. v. The Upjohn CompanyCourt of Appeals for the Fifth Circuit · 1986
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3Cited by3 opinions
- Resolution Trust Corporation, as Conservator for Columbia Federal Savings and Loan Association v. Stephen G. Marshall, Lloyd G. Williams, Jr.Court of Appeals for the D.C. Circuit · 1991
- Resolution Trust Corp. v. DuboisDistrict Court, M.D. Louisiana · 1991
- Federal Deposit Insurance v. Mr. "T'S", Inc.District Court, M.D. Louisiana · 1991