(DOWNLOAD) "Banque De Depots V. National Bank Of Detroit" by United States Court Of Appeals For The Sixth Circuit * eBook PDF Kindle ePub Free
eBook details
- Title: Banque De Depots V. National Bank Of Detroit
- Author : United States Court Of Appeals For The Sixth Circuit
- Release Date : January 14, 1974
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 67 KB
Description
The events which led up to this controversy began in the Spring of 1971. Wilford O. Dunkel, a wealthy Michigan resident and an officer and share-holder of Champion Home Builders Company, (hereinafter "Champion") found himself in need of large amounts of cash. He determined to use his Champion stock, which at that time consisted of more than 296,000 shares worth in excess of $7,000,000, as collateral for the anticipated loan. For various reasons he preferred not to obtain the loan from an American source and decided to negotiate with foreign lenders. Through an acquaintance he was put in contact with James Dondich, an American citizen who was in Switzerland. Dondich agreed to help Dunkel obtain the loan.