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FIRST NAT. BANK, ETC. v. J. W. BREWER TIRE CO.

No. 81-5469.

680 F.2d 1123 (1982)

FIRST NATIONAL BANK OF LOUISVILLE, Plaintiff-Appellant, v. J. W. BREWER TIRE COMPANY, Defendant-Appellee.

United States Court of Appeals, Sixth Circuit.

Decided June 22, 1982.

Attorney(s) appearing for the Case

Michael R. Tilley, Louisville, Ky., for plaintiff-appellant.

Joseph H. Cohen, Robert V. Waterman, Louisville, Ky., for defendant-appellee.

Before MERRITT and JONES, Circuit Judges, and WILSON, District Judge.

PER CURIAM.

The issue in this case is what minimum contacts are required to allow a state to exert personal jurisdiction over a nonresident corporate buyer sued by a resident corporate seller to collect on an unpaid account.

In 1977, First National Bank of Louisville lent substantial amounts of money to IRI, Inc., an automobile tire manufacturer also in Louisville, taking a security interest in IRI's accounts receivable as collateral. After IRI went bankrupt...

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