Resolution Trust Corp. v. American Realty Group, Inc.

28 F.3d 108 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. RESOLUTION TRUST CORPORATION, as Receiver for Western Empire Federal Savings and Loan Association, a federal mutual savings and loan association, Plaintiff-Appellee, v. AMERICAN REALTY GROUP, INC., a Delaware corporation, Defendant-Appellant. No. 93-15068. United States Court of Appeals, Ninth Circuit. Argued and Submitted March 15, 1994. Decided May 23, 1994. Before: CHOY, REINHARDT, and LEAVY, Circuit Judges. 1 MEMORANDUM * 2 American Realty Group, Inc. ("ARG") appeals from the district court's entry of summary judgment in favor of the Resolution Trust Corporation ("RTC") on the latter's breach of contract action against ARG. We affirm. 3 ARG first contends that the district court erred by applying federal law to ARG's defenses to the RTC's claim that ARG was in breach of contract by refusing to honor the terms of a loan guaranty. It is well settled that federal, not state, law governs the interpretation and…