Federal Deposit Insurance Corporation v. P.L.M. International, Inc., Antonio Melendez and Martha Melendez

How courts have described this case

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

• holding that the addition of new obligations of the same type did not extinguish previous obligations because the new agreement \complement[ed] and buil[t] upon\ the earlier agreements
• substitution of debtor who assumed initial debtor’s obligations did not extinguish those obligations even though the debtor was allowed to borrow additional money to carry out original projects on already encumbered real estate
• “This necessity for speed has led the majority of courts of appeals to reject the idea of treating negotiable and nonnegotiable instruments differently____ We ... hold that section 1823(e) covers nonnegotiable as well as negotiable instruments.”
• “This necessity for speed has led the majority of courts of appeals to reject the idea of treating negotiable and nonnegotiable instruments differently____ We ... hold that section 1823(e) covers nonnegotiable as well as negotiable instruments.’’
• “The document was not executed contemporaneously with the letter of guaranty; the minutes of the meeting or the board of directors and the credit committee did not refer to or discuss the release; and the release was never included in the official files of Gir-od.”

Source: CourtListener parenthetical corpus (CC0).