Legal Opinion
Lyon Financial Services, Incor v. Illinois Paper and Copier Comp
Court of Appeals for the Seventh Circuit
Decided October 9, 2013No. 12-2210PublishedCited by 25 opinions
1Opinion of the Court
SYKES, Circuit Judge.
This appeal presents a question with important implications for commercial transactions: When a representation of law is made in a contract, when (if ever) is it actionable? The question arises in the context of a commercial financing arrangement between Illinois Paper and Copier Company, a seller of office equipment, and Lyon Financial Services, Inc., a finance firm based in Minnesota. Under a master contract signed in October 2008 and governed by Minnesota law, Lyon had a right of first refusal to provide lease financing for Illinois Paper’s customers. Under the…
2Cases cited26 opinions
- Melody Home Manufacturing Co. v. BarnesTexas Supreme Court · 1987
- C.R. Anthony Co. v. Loretto Mall PartnersNew Mexico Supreme Court · 1991
- Hofeld v. Nationwide Life InsuranceIllinois Supreme Court · 1975
- CBS Inc. v. Ziff-Davis Publishing Co.New York Court of Appeals · 1990
- Metropolitan Coal Co. v. HowardCourt of Appeals for the Second Circuit · 1946
21 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Lyon Financial Services, Incorporated, d/b/a U.S. Bancorp Business Equipment Finance Group v. Illinois Paper and Copier CompanySupreme Court of Minnesota · 2014
- In re HernandezCourt of Appeals for the Seventh Circuit · 2019
- Circle Block Partners, LLC v. Fireman's Fund Insurance CompCourt of Appeals for the Seventh Circuit · 2022
- Indiana Right to Life Victory Fund v. Diego MoralesCourt of Appeals for the Seventh Circuit · 2023
- Taylor v. Snyder (In re Snyder)United States Bankruptcy Court, N.D. Illinois · 2015
20 more not listed; retrieve them via the Exa API.