Legal Opinion
In Re Vic Supply Company, Inc., Debtor. Falconbridge U.S., Inc. v. Bank One Illinois, N.A.
Court of Appeals for the Seventh Circuit
Decided September 19, 2000No. 99-4110PublishedCited by 24 opinions
1Opinion of the Court
POSNER, Circuit Judge.
This case involves a dispute between two creditors of the bankrupt Vic Supply Company. Bank One had a security agreement with Vic, covering all of Vic’s assets. Faleonbridge sold Vic nickel for resale, acquiring a purchase money security interest covering the proceeds of the resale. The bankruptcy court, seconded by the district court, to which Falcon-bridge had appealed, ruled that Bank One’s security interest was prior to Falconbridge’s under Article 9 of the Uniform Commercial Code (codified in Illinois as 810 ILCS 5/9). Faleonbridge argues that its interest is prior…
2Cases cited21 opinions
- Billie Williams v. Jader Fuel Company, Inc.Court of Appeals for the Seventh Circuit · 1991
- Williams v. EgglestonSupreme Court of the United States · 1898
- In Re Newport Plaza Associates, L.P., Debtor. Newport Plaza Associates, L.P. v. Durfee Attleboro BankCourt of Appeals for the First Circuit · 1993
- Ids Life Insurance Co. v. Sunamerica, Inc.Court of Appeals for the Seventh Circuit · 1997
- Varney Wood Products, Inc. v. StricklerCourt of Appeals for the Fourth Circuit · 1972
16 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Operating Engineers Local 139 Health Benefit Fund v. Gustafson Construction CorporationCourt of Appeals for the Seventh Circuit · 2001
- Anthony H. Dye v. William B. Wargo, Jr., K-9 Named Frei, and City of Elkhart, IndianaCourt of Appeals for the Seventh Circuit · 2001
- Spanish Oaks, Inc. v. Hy-Vee, Inc.Nebraska Supreme Court · 2003
- Tasini v. New York Times Co., Inc.District Court, S.D. New York · 2002
- West Bend Mutual Insurance Co v. Procaccio Painting & Drywall CCourt of Appeals for the Seventh Circuit · 2015
19 more not listed; retrieve them via the Exa API.