Legal Opinion
Artoc Bank & Trust, Ltd. v. Apex Oil Co. (In re Apex Oil Co.)
Court of Appeals for the Eighth Circuit
Decided September 23, 1992No. 91-3322PublishedCited by 6 opinions
1Opinion of the Court
RICHARD S. ARNOLD, Chief Judge.
Artoc Bank and Trust, Limited (Artoc), as assignee of the accounts receivable of Uni Refining, Inc. (Uni), filed a claim in this bankruptcy proceeding against the debtor, Apex Oil Company (Apex), for the payment of two invoices. Apex argues that it had a right to offset the amount of those invoices against money Uni owed to Apex. Artoc claims that Apex had notice of the assignment to Artoc before it engaged in the setoffs, and therefore is still liable to Artoc for payment of the accounts. The Bankruptcy Court held that Apex did not have notice of the assignment…
2Cases cited7 opinions
- Salve Regina College v. RussellSupreme Court of the United States · 1991
- Southern Rock, Inc. v. B & B Auto SupplyCourt of Appeals for the Fifth Circuit · 1983
- Estate of Arthur Dwight Haas, Deceased v. Metro-Goldwyn-Mayer, Inc.Court of Appeals for the Fifth Circuit · 1980
- First National Bank of Grand Prairie v. Lone Star Life Insurance Co.Texas Supreme Court · 1975
- BarclaysAmerican/Business Credit, Inc. v. E & E Enterprises, Inc., Texas Court of Appeals, 5th District (Dallas)1985
2 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Armstrong v. Dakota Western Bank of Bowman (In Re Arithson)United States Bankruptcy Court, D. North Dakota · 1994
- Eastern States Life Insurance v. Strauss (In Re Crawford)United States Bankruptcy Appellate Panel for the Eighth Circuit · 2002
- In Re Apex Oil Company, Debtor. Apex Oil Company v. Artoc Bank & Trust LimitedCourt of Appeals for the Eighth Circuit · 2002
- In Re Apex Oil CompanyCourt of Appeals for the Eighth Circuit · 1992
- Eastern States Life v. Bruce E. StraussUnited States Bankruptcy Appellate Panel for the Eighth Circuit · 2002
1 more not listed; retrieve them via the Exa API.