Legal Opinion
Coca-Cola Bottling Co. v. Citizens Bank of Portland
Indiana Court of Appeals
Decided December 31, 1991No. 29A02-9006-CV-368Published
1Opinion of the Court
SHIELDS, Judge.
Coca-Cola Bottling Company of Port land, Inc. (Coke Portland), Coca-Cola Bottling Company of Chicago (Coke Chicago), and Hondo Incorporated (Hondo) appeal the trial court's grant of summary judgment in favor of Citizens Bank of Portland (Citizens). We reverse and remand for further proceedings consistent with this opinion.
ISSUES
1. Whether acceleration, by definition, precludes the use and imposition of any other remedy.
2. Whether Coke Portland's detrimental reliance on Citizens' acceleration notice could estop Citizens from rescinding its acceleration.
STATEMENT OF THE CASE
The…
2Cases cited9 opinions
- In the Matter of Lhd Realty Corporation, Debtor. Appeal of National Life Insurance CompanyCourt of Appeals for the Seventh Circuit · 1984
- Kilpatrick v. . Germania Life Ins. Co.New York Court of Appeals · 1905
- Baybank Middlesex v. 1200 Beacon Properties, Inc.District Court, D. Massachusetts · 1991
- McCae Management Corp. v. Merchants National Bank & Trust Co.Indiana Court of Appeals · 1990
- Van Vlissingen v. LenzIllinois Supreme Court · 1897
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