1. Home
  2. Browse Decisions
  3. F.Supp.
  4. 358 F.Supp.
  5. 358 F.Supp. 1203 (1973)
 

VIRGIN ISLANDS NATIONAL BANK v. TROPICAL VENTURES, INC.

Civ. No. 6581972.

358 F.Supp. 1203 (1973)

VIRGIN ISLANDS NATIONAL BANK, Plaintiff, v. TROPICAL VENTURES, INC. and World Resorts, Ltd., Defendants.

District Court, Virgin Islands, D. St. Croix.

March 23, 1973.

Attorney(s) appearing for the Case

Merwin, Alexander & O'Brien, Christiansted, St. Croix, V. I., for plaintiff.

MEMORANDUM OPINION AND ORDER

WARREN H. YOUNG, District Judge.

This case has brought into question the constitutional permissibility of confession judgments, at least insofar as they are used as security for repayment of a loan. As the device is generally practiced, the debtor signs an irrevocable power of attorney at the time he receives his loan. This authorizes any lawyer to appear on his behalf and confess a judgment against him if he falls behind on...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases