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FRISHMAN v. CANADIAN IMPERIAL BANK OF COMMERCE

Nos. 21325, 21332.

407 F.2d 299 (1968)

Bernard Lyon FRISHMAN, Appellant, v. CANADIAN IMPERIAL BANK OF COMMERCE, a Corporation, Appellee. CANADIAN IMPERIAL BANK OF COMMERCE, a Corporation, Appellant, v. Bernard Lyon FRISHMAN, Appellee.

United States Court of Appeals District of Columbia Circuit.

Decided May 9, 1968.

Attorney(s) appearing for the Case

William L. Kaplan, Washington, D. C., with whom Karl G. Feissner, Washington, D. C., was on the brief, for appellant in No. 21325 and appellee in No. 21332.

Benjamin W. Dulany, Washington, D. C., for appellee in No. 21325 and appellant in No. 21332.

Before BAZELON, Chief Judge, PRETTYMAN, Senior Circuit Judge, and LEVENTHAL, Circuit Judge.

PRETTYMAN, Senior Circuit Judge:

These cases are cross-appeals from the same judgment and were consolidated here for argument and disposition. In the early part of 1963 the Abel Construction Co., Ltd., negotiated a loan in the amount of $185,000 from the Canadian Imperial Bank of Commerce. As security for the loan the Bank demanded assignment of the Company's accounts receivable and the personal guarantees of its four shareholders. On March 20, 1963, the parties met...

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