Legal Opinion
Nairn v. J. A. Acosta & Co.
Court of Appeals for the Seventh Circuit
Decided May 4, 1939No. 6650PublishedCited by 6 opinions
1Opinion of the Court
KERNER, Circuit Judge.
In this case John L. Nairn, trustee of the estate of Rosenbaum Grain Corporation, appeals from an order allowing set-offs under Section 68a of the Bankruptcy Act on the ground that the claims in question lack mutuality. 11 U.S.C.A. § 108(a) provides that “In all cases of mutual debts or mutual credits between the estate of a bankrupt and a creditor the account shall be stated and one debt shall be set off against the other, and the balance only shall be allowed or paid.” See also 11 U. S.C.A. § 1(11): “‘debt’ shall include any debt, demand, or claim provable in…
2Cases cited18 opinions
- Board of Trade of Chicago v. Christie Grain & Stock Co.Supreme Court of the United States · 1905
- Board of Trade of Chicago v. OlsenSupreme Court of the United States · 1923
- Richardson v. ShawSupreme Court of the United States · 1908
- Cumberland Glass Manufacturing Co. v. De Witt & Co.Supreme Court of the United States · 1915
- Markham v. . JaudonNew York Court of Appeals · 1869
13 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Waldschmidt v. Columbia Gulf Transmission Co. (In Re Fulghum Construction Corp.)United States Bankruptcy Court, M.D. Tennessee · 1982
- Virginia Block Co. v. Virginia Mutual Insurance Agency (In Re Virginia Block Co.)United States Bankruptcy Court, W.D. Virginia · 1982
- In Re Rosenbaum Grain CorporationCourt of Appeals for the Seventh Circuit · 1939
- Virginia Block Co. v. Bushong (In Re Virginia Block Co.)United States Bankruptcy Court, W.D. Virginia · 1981
- Griswold v. EF Hutton & Co., Inc.District Court, N.D. Illinois · 1985
1 more not listed; retrieve them via the Exa API.