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MIRAX CHEMICAL v. FIRST INTERSTATE COMMERCIAL

No. 90-2650.

950 F.2d 566 (1991)

MIRAX CHEMICAL PRODUCTS CORP.; Oliver C. Clerc, Jr., Appellants, v. FIRST INTERSTATE COMMERCIAL CORP., a CA Corp.; First Interstate Corp. of Wisconsin; First Interstate Commercial of Wisconsin, Appellees.

United States Court of Appeals, Eighth Circuit.

Decided December 6, 1991.

Attorney(s) appearing for the Case

Dale L. Rollings, St. Charles, Mo., argued (Dale L. Rollings and Thomas A. Federer, on the brief), for appellants.

Harry B. Wilson, St. Louis, Mo., argued (Harry B. Wilson and Mark G. Arnold, on the brief), for appellees.

Before FAGG and BEAM, Circuit Judges, and DOTY, District Judge.

BEAM, Circuit Judge.

This action involves a loan agreement between Mirax Chemical Products Corp. (Mirax) and First Interstate Commercial Corp. (FICC). In essence, Mirax asserts that FICC breached the agreement by terminating it prematurely. The district court granted summary judgment in favor of FICC on the breach of contract claim and also dismissed the Mirax tort claims related to the alleged breach. Mirax appeals. We affirm.

I. BACKGROUND

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