Fed. Sec. L. Rep. P 98,654 William L. Gunter and Camille S. Gunter v. Theodore M. Hutcheson

How courts have described this case

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

• applying the Kimbell Foods test for adoption of federal common law rule
• principal justification for federal common law rule was that its absence would \make the FDIC's task of executing its statutory mandate ... nearly impossible\
• FDIC takes free of defense of fraud in the inducement as a matter of federal common law
• discussion of speed with which transactions must be consummated to prevent halt of banking services and loss of confidence in the banking industry
• principal justification for federal common law rule was that its absence would “make the FDIC’s task of executing its statutory mandate ... nearly impossible”
• “The Gunters, therefore, are in no worse position under a federal rule protecting the FDIC than they would have been had [the bank] transferred the note to another banking institution in the ordinary course of business.”

Source: CourtListener parenthetical corpus (CC0).