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FELDSTEIN v. UNITED STATES

No. 19116.

352 F.2d 74 (1965)

Jacob FELDSTEIN, Appellant, v. UNITED STATES of America, Appellee.

United States Court of Appeals Ninth Circuit.

October 28, 1965.

Attorney(s) appearing for the Case

Avram Salkin, Hochman & Salkin, Beverly Hills, Cal., for appellant.

Francis C. Whelan, U. S. Atty., Donald A. Fareed, Asst. U. S. Atty., Chief, Civil Sec., Dzintra I. Janavs, Asst. U. S. Atty., Los Angeles, Cal., for appellee.

Before CHAMBERS, KOELSCH and BROWNING, Circuit Judges.

CHAMBERS, Circuit Judge:

Feldstein is the guarantor of a loan of $125,000 made by the Small Business Administration to the now bankrupt Ace Offset Printing Co., Inc. Bankruptcy was a condition maturing the note and the guaranty.

The guaranty was about as unconditional as one could make it. In pertinent part, it reads as follows:

"The undersigned [Feldstein] hereby grants to SBA full power, in its uncontrolled discretion and without notice to the undersigned...

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