Mid-Eastern Electronics, Inc. v. First National Bank of Southern Maryland, Garnishee

How courts have described this case

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

• holding that renewals or extensions of underlying obligation did not amount to “future advances and that original security agreement applying to original note remained in force without a future advance clause”
• an assignment of “all monies due or which may become due” arising under a contract constitutes a security agreement
• an assignment of \all monies due or which may become due \ arising under a contract constitutes a security agreement
• old note surrendered when new note issued does not rebut inference that original indebtedness was not extinguished

Source: CourtListener parenthetical corpus (CC0).