Legal Opinion
Sherman v. First City Bank of Dallas
District Court, N.D. Texas
Decided April 20, 1989No. Civ. A. No. CA3-88-1802-D, Bankruptcy No. 387-30381-A-7PublishedCited by 9 opinions
1Opinion of the Court
FITZWATER, District Judge:
A chapter 7 trustee appeals the bankruptcy court’s judgment permitting a bank to set off credit card chargebacks against sums that the debtor had deposited with the bank. Finding no abuse of discretion, the court affirms the judgment.
I
United Sciences of America, Inc. (“United Sciences”) was engaged in the business of selling vitamins, nutrients, and other health food products to the general public. United Sciences permitted customers to make purchases with Visa and Mastercard charge cards. In May 1986, it entered into a merchant/bank agreement with…
2Cases cited15 opinions
- United States of America on Behalf of Its Agency Internal Revenue Service v. William H. Norton, Carrie W. Norton, F/k/a Carrie A. WoodwardCourt of Appeals for the Third Circuit · 1983
- In Re Southern Industrial Banking Corporation, Debtor. Thomas Duvoisin, Liquidating Trustee, and Bank of Commerce, Intervening v. Emmett J. FosterCourt of Appeals for the Sixth Circuit · 1987
- In Re Braniff Airways, Inc.United States Bankruptcy Court, N.D. Texas · 1984
- Crimmins v. LowryTexas Supreme Court · 1985
- Williams v. American Bank of the Mid-Cities, N.A. (In Re Williams)United States Bankruptcy Court, N.D. Texas · 1986
10 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- In the Matter of United Sciences of America, Inc., Debtor. Daniel J. Sherman v. First City Bank of DallasCourt of Appeals for the First Circuit · 1990
- Moratzka v. Visa U.S.A. (In Re Calstar, Inc.)United States Bankruptcy Court, D. Minnesota · 1993
- Photo Mechanical Services, Inc. v. E.I. DuPont De Nemours & Co. (In Re Photo Mechanical Services, Inc.)United States Bankruptcy Court, D. Minnesota · 1995
- In Re TrecoUnited States Bankruptcy Court, S.D. New York · 1999
- Rieser v. Bruck Plastics Co. (In Re Trinity Plastics, Inc.)United States Bankruptcy Court, S.D. Ohio · 1992
4 more not listed; retrieve them via the Exa API.