Legal Opinion
Geist v. Prudence Realization Corp.
Court of Appeals for the Second Circuit
Decided August 11, 1941No. 343PublishedCited by 5 opinions
1Opinion of the Court
CLARK, Circuit Judge.
The Prudence Company, Inc., and Prudence-Bonds Corporation, wholly owned subsidiaries of the same parent corporation —New York Investors, Inc. — were together engaged in the mortgage-guaranty business. By a common practice, Prudence would lend money on a bond and real property mortgage, which it would assign to Prudence-Bonds, The latter would place them with a public depository and would issue certificates authenticated by the depository of undivided shares of specified amounts in the bond and the mortgage. These certificates would then be sold to the public with…
2Cases cited32 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Pepper v. LittonSupreme Court of the United States · 1939
- Case v. Los Angeles Lumber Products Co.Supreme Court of the United States · 1939
- Southern Pacific Co. v. BogertSupreme Court of the United States · 1919
- Taylor v. Standard Gas & Electric Co.Supreme Court of the United States · 1939
27 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Prudence Realization Corp. v. GeistSupreme Court of the United States · 1942
- Goldie v. CoxCourt of Appeals for the Eighth Circuit · 1942
- In Re V-I-D, Inc. Kelley, Glover & Vale, Inc. v. KramerCourt of Appeals for the Seventh Circuit · 1952
- Hurd Committee v. Prudence Realization Corp.Court of Appeals for the Second Circuit · 1945
- Goldie v. CoxCourt of Appeals for the Eighth Circuit · 1942