Glenfed Financial v. Penick Corp.

How courts have described this case

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

• holding a corporate officer personally liable for conversion where, although he received no personal benefit, he diverted payments from the plaintiff corporation’s customers to his own corporation in violation of an agreement between the two corporations
• “Every contract or duty within this Act imposes an obligation of good faith in its performance or enforcement.”
• lender's bad faith or lack of \honesty in fact\ which would constitute a viable debtor's defense does not arise from lender's refusal to exercise greater forbearance
• lender's bad faith or lack of \honesty in fact\ which would constitute a viable debtor's defense does not arise from lender's refusal to exercise greater forbearance

Source: CourtListener parenthetical corpus (CC0).