Legal Opinion
Franconia Associates v. United States
United States Court of Federal Claims
Decided August 30, 2004No. Nos. 97-381C, 97-3812C to 97-38129CPublishedCited by 70 opinions
1Opinion of the Court
OPINION
ALLEGRA, Judge.
“The United States are as much bound by their contracts as are individuals.”1
“You can check [in] any time you like, but you can never leave.”2
Following a remand from the Supreme Court, this contract case is before the court after a trial held in Des Moines, Iowa. Plaintiffs are various property owners that entered into mortgage contracts with an agency of the United States in exchange for providing low- and moderate-income rural housing. While these loan contracts allowed for prepayment, without restriction, Congress, concerned with the loss of rural housing due to such…
2Cases cited191 opinions
- New Hampshire v. MaineSupreme Court of the United States · 2001
- Christianson v. Colt Industries Operating Corp.Supreme Court of the United States · 1988
- Agostini v. FeltonSupreme Court of the United States · 1997
- Arizona v. CaliforniaSupreme Court of the United States · 1983
- Ruckelshaus v. Monsanto Co.Supreme Court of the United States · 1984
186 more not listed; retrieve them via the Exa API.
3Cited by70 opinions
- North Star Alaska Housing Corp. v. United StatesUnited States Court of Federal Claims · 2007
- Barnes v. United StatesUnited States Court of Federal Claims · 2005
- Southern Nuclear Operating Co. v. United StatesUnited States Court of Federal Claims · 2007
- Dobyns v. United StatesUnited States Court of Federal Claims · 2010
- Cuyahoga Metropolitan Housing Authority v. United StatesUnited States Court of Federal Claims · 2005
65 more not listed; retrieve them via the Exa API.