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Form 4 20 Largest Unsecured Creditors Wiwb Uscourts

Form 4 20 Largest Unsecured Creditors Wiwb Uscourts

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The 1903 English case of Krell versus Henry established the contractual defense of failure of an implied condition. There, a king’s illness delayed his coronation, and a contract formed in anticipation of that coronation was deemed canceled. But how does this principle apply in modern commercial situations? A federal court considered that question in All Points Capital Corporation versus Boyd Brothers, Incorporated. Boyd Brothers ran a printing business, and many of its customers were located along the Gulf Coast. Many of these customers were financially devastated by the 2010 Deepwater Horizon oil spill. As a result, Boyd Brothers’ printing business was severely impacted. Years before the oil spill, Boyd Brothers had entered into a series of promissory notes with RCA Capital Corporation, the predecessor in interest to All Points. After the oil spill, Boyd Brothers defaulted on those notes. All Points sued Boyd Brothers to collect on the defaulted notes. Boyd Brothers responded tha

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