Legal Opinion

Verco Industries v. Spartan Plastics (In Re Verco Industries)

United States Bankruptcy Appellate Panel for the Ninth Circuit

Decided March 13, 1981No. BAP 80-1042-KDHPublishedCited by 12 opinions

1Opinion of the Court

MEMORANDUM OP OPINION

KATZ, Bankruptcy Judge:

On September 24, 1979 Verco Industries, debtor-appellant, entered into an escrow contract with Spartan Plastics for the sale of certain machinery, tools and a building lease, all which were used in conjunction with the manufacture of 25 pound practice bombs. The consideration for the sale consisted of $125,595 cash, $85,000 worth of castings, $36,860 in a prepaid sublease, the assumption by Spartan of approximately $20,000 in outstanding obligations and a promissory note back to Verco in the amount of $37,110. The sale was completed on December 21,…

2Cases cited11 opinions

  1. Buffum v. Peter Barceloux Co.Supreme Court of the United States · 1933
  2. Severance v. Knight-Counihan Co.California Supreme Court · 1947
  3. Escalle v. MarkNevada Supreme Court · 1919
  4. Misty Management Corp. v. LockwoodCourt of Appeals for the Ninth Circuit · 1976
  5. Borland v. WalkerSupreme Court of Alabama · 1845

6 more not listed; retrieve them via the Exa API.

3Cited by12 opinions

  1. In Re Theodore W. Spong, Debtor. Raymond J. Pauley v. Theodore W. SpongCourt of Appeals for the Second Circuit · 1981
  2. In Re Verco IndustriesCourt of Appeals for the Ninth Circuit · 1983
  3. Murdock v. Plymouth Enterprises, Inc. (In Re Curtina International, Inc.)United States Bankruptcy Court, S.D. New York · 1982
  4. United States Trust Co. v. Raritan River Steel Co. (In Re American Spring Bed Manufactoring Co.)United States Bankruptcy Court, D. Massachusetts · 1993
  5. County of Sacramento v. Hackney (In Re Hackney)United States Bankruptcy Court, N.D. California · 1988

7 more not listed; retrieve them via the Exa API.

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