Legal Opinion
In Re Jesse H. Long, Debtor. Barclays American/business Credit, Inc. v. Jesse H. Long
Court of Appeals for the Eighth Circuit
Decided October 2, 1985No. 84-5211PublishedCited by 446 opinions
1Opinion of the Court
SACHS, District Judge.
Over a period of several years, Barclays American/Business Credit, Inc. (Barclays), as successor in interest to Aetna Business Credit, Inc., loaned substantial sums of money to A & C Johnson Co. (A & C). The loans were calculated as a percentage of inventory, which ranged from $1.3 to $1.7 million, and were secured by A & C’s accounts receivable. Proceeds from the accounts were to be deposited in a special “collateral” account maintained by A & C. Long, president and majority stockholder in A & C, was also guarantor on the loans. A & C and Long both filed for bankruptcy…
2Cases cited30 opinions
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
- Davis v. Aetna Acceptance Co.Supreme Court of the United States · 1934
- Tinker v. ColwellSupreme Court of the United States · 1904
- William Hardin Bogard, Jr. v. Thomas D. Cook, Former Superintendent of the Mississippi State PenitentiaryCourt of Appeals for the Fifth Circuit · 1978
- In Re Robert Stephen Adams, Debtor. Betty Hilda Ida Koepke Moraes v. Robert Stephen Adams, Robert Stephen AdamsCourt of Appeals for the Ninth Circuit · 1985
25 more not listed; retrieve them via the Exa API.
3Cited by446 opinions
- In the Matter of Michael VAN HORNE. Margaret CASPERS, Appellee, v. Michael VAN HORNE, AppellantCourt of Appeals for the Eighth Circuit · 1987
- First National Bank of Olathe, Kansas v. Thomas M. Pontow Ann M. PontowCourt of Appeals for the First Circuit · 1997
- In the Matter of Nancy S. Marchiando, Debtor-Appellee. Appeal of State of Illinois, Department of the LotteryCourt of Appeals for the Seventh Circuit · 1994
- Meyer v. RigdonCourt of Appeals for the Seventh Circuit · 1994
- In Re Alberto Obed Miera, Jr. Neil K. Johnson v. Alberto Obed Miera, Jr.Court of Appeals for the Eighth Circuit · 1991
441 more not listed; retrieve them via the Exa API.