Haberbush v. Clark Oil Trading Co.
Court of Appeals for the Ninth Circuit
1Opinion of the Court
MEMORANDUM **
David R. Haberbush, trustee in bankruptcy for Sahuaro Petroleum & Asphalt Company, appeals the district court’s dismissal of his action against Clark Oil Trading Company (COTC) and Paribas Corporation. See Fed.R.Civ.P. 12(b)(6). We affirm.
While the parties use a flood of ink on a congeries of issues, the answer to one of those issues effectively disposes of them all. To make a long story short: Sahuaro, the wholly owned subsidiary of Edgington Oil Co., issued guaranties of Edgington’s debts to COTC, subject to certain limitations involving Sahuaro’s benefit from the loans and…
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