[DOWNLOAD] "United States V. Willis" by Sixth Circuit. United States Court Of Appeals * Book PDF Kindle ePub Free
eBook details
- Title: United States V. Willis
- Author : Sixth Circuit. United States Court Of Appeals
- Release Date : January 26, 1979
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 68 KB
Description
The Small Business Administration (SBA), an agency of the United States government, appeals from a judgment of the district court denying its claims against Duane G. Willis and Mary J. Willis. Plaintiff commenced this action on December 22, 1975, alleging that the defendants were liable to it pursuant to a guaranty executed in conjunction with an SBA loan. The guaranty was assigned to the SBA upon default of the primary debtor and performance by SBA pursuant to its own guaranty. Jurisdiction was invoked pursuant to 28 U.S.C. § 1345. The district court held that the SBA was not entitled to any monetary recovery because it had failed to dispose of collateral securing the loan in a commercially reasonable manner. We affirm Judge Robert B. Krupansky's decision.