(Download) "Federal Deposit Insurance Corp. V. Wood" by United States Court Of Appeals For The Sixth Circuit * eBook PDF Kindle ePub Free

eBook details

Title: Federal Deposit Insurance Corp. V. Wood
Author : United States Court Of Appeals For The Sixth Circuit
Release Date : January 26, 1985
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 66 KB

Description

This is an action by the Federal Deposit Insurance Corporation in its corporate capacity to recover on a note that it purchased as part of a purchase and assumption agreement. The issue is whether the FDIC can recover the full amount of interest payable on the note when the jury found it to be usurious under state law. The district court, in a judgment notwithstanding the verdict, allowed the collection of interest on the ground that the FDIC enjoys a status equivalent to that of a holder in due course. We affirm.