Federal Case

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• § 1823(e) barred assertion of breach of oral joint venture agreement by bank as a defense to liability
• “The FDIC may exercise all powers specifically granted . . ., and such incidental powers as shall be necessary to carry out the powers granted.”
• § 1823(e) makes no exception for agreements initiated by a third party and the obligors
• borrowers could have protected themselves from loss by complying with 12 U.S.C. § 1823(e)
• suit on oral joint venture barred; FDIC protected against “defenses or claims”
• summary judgment granted on defense of oral joint venture agreement

Source: CourtListener parenthetical corpus (CC0).