Legal Opinion
Exchange National Bank of Chicago v. Harold Daniels and Irene Daniels
Court of Appeals for the Seventh Circuit
Decided July 12, 1985No. 84-2037, 84-2232 and 84-2737PublishedCited by 108 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Harold Daniels is the maker of a $4.5 million note, which his wife Irene Daniels guaranteed. The Danielses (the Borrowers) have a cattle business in New Mexico. They borrowed the money from Exchange National Bank (the Bank) over several years. They used the money to finance that business — and, as it turns out, a joint venture in which they were partners with the two employees of the Bank who negotiated and supervised the loan.
When the Borrowers did not pay, the Bank filed this diversity action to collect. The Borrowers replied that the Bank’s employees had promised…
2Cases cited34 opinions
- Cohen v. Beneficial Industrial Loan Corp.Supreme Court of the United States · 1949
- Griggs v. Provident Consumer Discount Co.Supreme Court of the United States · 1982
- White v. New Hampshire Department of Employment SecuritySupreme Court of the United States · 1982
- Firestone Tire & Rubber Co. v. RisjordSupreme Court of the United States · 1981
- Monsanto Co. v. Spray-Rite Service Corp.Supreme Court of the United States · 1984
29 more not listed; retrieve them via the Exa API.
3Cited by108 opinions
- Szabo Food Service, Inc. v. Canteen CorporationCourt of Appeals for the Seventh Circuit · 1987
- Josiah Haynesworth and Fred Hancock v. Frank P. Miller, Chief, Law Enforcement Section, Office of the Corporation Counsel, (Two Cases)Court of Appeals for the D.C. Circuit · 1987
- 17 Collier bankr.cas.2d 230, Bankr. L. Rep. P 71,695 in the Matter of Xonics, Inc., Debtors. Elscint, Inc., and Elscint Imaging, Inc. v. First Wisconsin Financial CorporationCourt of Appeals for the First Circuit · 1987
- Allan G. Charles v. Richard M. Daley, State's Attorney, and Eugene F. Diamond, InterveningCourt of Appeals for the Seventh Circuit · 1986
- Sylvia Ernst, in No. 93-1929 v. Child and Youth Services of Chester County Carol Schravazande Arden Olson Wayne Stevenson Rita Borzillo the Judiciary of the Commonwealth of Pennsylvania Sylvia Ernst, Administrator of the Estate of Susanne Ernst, for Susanne Ernst. (Amended as Per the Court's 5/31/96 Order). Sylvia Ernst v. Child and Youth Services of Chester County Carol Schravazande Arden Olson, Wayne Stevenson Rita Borzillo the Judiciary of the Commonwealth of Pennsylvania Sylvia Ernst, Administrator of the Estate of Susanne Ernst, for Susanne Ernst. Rita K. Borzillo, in No. 93-1930. (Amended as Per the Court's 5/31/96 Order). Sylvia Ernst v. Child and Youth Services of Chester County Carol Shravazande Arden Olson, Wayne Stevenson Rita Borzillo the Judiciary of the Commonwealth of Pennsylvania Sylvia Ernst, Administrator of the Estate of Susanne Ernst, for Susanne Ernst. Rita K. Borzillo, Esq., (Amended as Per the Court's 5/31/96 Order)Court of Appeals for the Third Circuit · 1997
103 more not listed; retrieve them via the Exa API.