Legal Opinion
Thomas F. Grojean and Therese Grojean v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided April 13, 2001No. 00-2252PublishedCited by 20 opinions
1Opinion of the Court
POSNER, Circuit Judge.
The question presented by this appeal is whether the Tax Court committed a clear error in characterizing Thomas Grojean’s participation interest in a loan made by American National Bank to Grojean’s Sub-chapter S corporation, Schanno Acquisition, Inc., as a guaranty.
Grojean had formed Schanno Acquisition in order to buy a trucking company from Transamerica Leasing Corporation. The price was a shade under $14 million. To finance the purchase, Grojean turned to American National Bank. He asked to borrow $11 million from the bank, which was willing but insisted that he…
2Cases cited21 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- Frank Lyon Co. v. United StatesSupreme Court of the United States · 1978
- Bonded Financial Services, Inc., Debtor-Appellant v. European American BankCourt of Appeals for the Seventh Circuit · 1988
- Bartels v. BirminghamSupreme Court of the United States · 1947
16 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Donald H. Rumsfeld, Secretary of Defense v. United Technologies Corporation, Pratt & WhitneyCourt of Appeals for the Federal Circuit · 2003
- Cook Inc. v. Boston Scientific CorporationCourt of Appeals for the Seventh Circuit · 2003
- Fidelity International Currency Advisor a Fund, LLC v. United StatesDistrict Court, D. Massachusetts · 2010
- Feldman v. CommissionerCourt of Appeals for the Seventh Circuit · 2015
- Estate of Alton Bean, Deceased Gary A. Bean, Administrator Mable Bean v. Commissioner of Internal Revenue, Gary A. Bean Cynthia Bean v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 2001
15 more not listed; retrieve them via the Exa API.