Legal Opinion
United States v. Vahlco Corporation, and Frederick Henry Vahlsing, Jr.
Court of Appeals for the Fifth Circuit
Decided September 19, 1986No. 85-2629PublishedCited by 33 opinions
1Opinion of the Court
WISDOM, Circuit Judge:
This appeal raises the question whether an “absolute and unconditional” guarantor of an indebtedness is discharged from his obligation to answer for the debt if the creditor and principal debtor alter its terms. The district court answered this question in the negative. We reverse and remand for further proceedings consistent with this opinion.
I
Frederick H. Vahlsing, Jr., at all times relevant for purposes of this appeal, was president of Vahlco Corporation (“Vahlco”). Late in 1973, Vahlco negotiated a $350,000 loam from the First National Bank of Se-guin, Texas (the…
2Cases cited26 opinions
- The Boeing Company v. Daniel C. ShipmanCourt of Appeals for the Fifth Circuit · 1969
- McKnight v. Virginia Mirror CompanyTexas Supreme Court · 1971
- Crimmins v. LowryTexas Supreme Court · 1985
- Southwest Savings Association v. DunaganCourt of Appeals of Texas · 1965
- D. W. Jaquays & Co. v. First Security BankArizona Supreme Court · 1966
21 more not listed; retrieve them via the Exa API.
3Cited by33 opinions
- Gibraltar Savings, Cross-Appellant v. Ldbrinkman Corp., Cross-Appellee, and Lloyd D. Brinkman, Defendant-CrossCourt of Appeals for the Fifth Circuit · 1988
- Fed. Sec. L. Rep. P 96,549, 18 Ucc rep.serv.2d 588 Securities and Exchange Commission v. Charles Phillip Elliott, Charles O. Farrar, Receiver-Appellee, Kenneth J. Davis, Linda J. Davis, Leroy H. Moeller, as Personal Representative of the Estates of Adolph Hagstrom, Squire J. Kingston, Elizabeth Woods, Caroline Estelle, Lynnis H. McClain Ted Masco, Anita K. Hailey, Earl Setterblade, Francis Setterblade, Lloyd Schutzman, Shirley Schutzman, Albert C. Heil, Melvin Burkhardt, Rosa Ella Burkhardt, Howard Dore, Ruth Dore, Gerald J. Braun, Christie Braun, Monica Brooke Braun, C. Albert Ducharme Trust and Catherine F. Ducharme Trust, Seaton F. McDaniel Josephine McDaniel Trudy and Sidney Kleiner, Claimants-Appellants. Securities and Exchange Commission v. Charles Phillip Elliott, Charles O. Farrar, Receiver-Appellee, Melvin Burkhardt and Rosa Ella Burkhardt, Movants-AppellantsCourt of Appeals for the Eleventh Circuit · 1992
- Resolution Trust Corp. v. Northpark Joint VentureCourt of Appeals for the Fifth Circuit · 1992
- Rodney Haggard v. Bank of the Ozarks, Inc.Court of Appeals for the Fifth Circuit · 2012
- Texas Commerce Bank National Association v. Capital Bancshares, Inc., Texas Commerce Bank National Association v. Capital Bancshares, Inc.Court of Appeals for the Fifth Circuit · 1990
28 more not listed; retrieve them via the Exa API.