Search : U.S. Supreme Court : Contracts : From 10/01/01 To 07/01/02
Number of summaries found: 2
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| Court: | U.S. Supreme Court |
| Topic: | Civil Procedure, Contracts, Corporation & Enterprise Law, International Law |
| Title: | JP MORGAN CHASE BANK v. TRAFFIC STREAM (BVI) INFRASTRUCTURE LTD. |
| Date: | 06/10/02 |
| Case Number: | 01-651 |
| Summary: | A corporation organized under the laws of the British Virgin Islands is a "citizen or subject of a foreign state" for the purposes of alienage diversity jurisdiction under 28 U.S.C. section 1332(a)(2). |
| Court: | U.S. Supreme Court |
| Topic: | Banking Law, Contracts, Property Law & Real Estate |
| Title: | FRANCONIA ASSOC. v. US |
| Date: | 06/10/02 |
| Case Number: | 01-455 |
| Summary: | Because enactment of the Emergency Low Income Housing Preservation Act qualified as a repudiation of a housing loan, not a present breach of the loan agreements, the six-year statute of limitations began to run when mortgagees tendered prepayment, and the government dishonored its obligation to accept the tender and release control over use of property securing the loan. |