Legal Opinion
C. Benjamin Foy v. First National Bank of Elkhart
Court of Appeals for the First Circuit
Decided February 8, 1989No. 88-2264PublishedCited by 27 opinions
1Opinion of the Court
POSNER, Circuit Judge.
This appeal presents issues under Article 9 of the Uniform Commercial Code. We simplify the facts ruthlessly. Castleman was a van converter in Elkhart, Indiana. He would buy the chassis for the van from Ford Motor Company or some other vehicle manufacturer, complete the van, and sell it to an automobile dealer for resale to the consumer. Castleman’s business was financed by the First National Bank of Elk-hart under a floor-planning arrangement. Floor-planning is a method of financing dealers’ purchases. The lender obtains a lien in the purchased good and the lien is…
2Cases cited15 opinions
- Pullman-Standard v. SwintSupreme Court of the United States · 1982
- Wisconsin Knife Works v. National Metal CraftersCourt of Appeals for the Seventh Circuit · 1986
- Jiri Mucha v. Charles KingCourt of Appeals for the Seventh Circuit · 1986
- Louis Buddy Yosha v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1988
- Sk Hand Tool Corporation and Corcoran Partners, Ltd. v. Dresser Industries, Inc.Court of Appeals for the Seventh Circuit · 1988
10 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Mars Steel Corp. v. Continental Bank N.A.Court of Appeals for the Seventh Circuit · 1989
- Richard W. Barber, Personal Representative of the Estate of Barbara W. Reese, Deceased v. John J. Ruth and Lucille A. RuthCourt of Appeals for the Seventh Circuit · 1993
- Alan M. Gold and Alan M. Gold Development Company v. Alan B. WolpertCourt of Appeals for the Seventh Circuit · 1989
- Hunt v. DaVita, Inc.Court of Appeals for the Seventh Circuit · 2012
- General Electric Company and Carboloy, Inc. v. Robert Speicher and Speicher, Inc.Court of Appeals for the Seventh Circuit · 1989
22 more not listed; retrieve them via the Exa API.