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UNITED STATES v. WEST

Misc. 88-1-329.

299 F.Supp. 661 (1969)

UNITED STATES of America, Plaintiff, v. John E. WEST and Mary C. West, Defendants, Douglas H. West, by his guardian ad litem Mary C. West, Intervenor.

United States District Court D. Delaware.

June 2, 1969.

Attorney(s) appearing for the Case

Alexander Greenfeld, U. S. Atty., and Norman Levine, Asst. U. S. Atty., Wilmington, Del., for plaintiff.

Howard T. Ennis, Georgetown, Del., for defendants and intervenor.

OPINION

LATCHUM, District Judge.

On August 15, 1963, the Small Business Administration (SBA) loaned J. E. West, Inc., a Delaware corporation, $12,000.00,1 secured by a corporate judgment note, a mortgage on 4.89 acres of real estate located in Broad Creek Hundred, Sussex County, Delaware and a chattel mortgage.2 The corporate indebtedness was further secured by a guaranty agreement, dated August 15...

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