In re Bunker Ltd. Partnership

Good Law
77 F.3d 488·1996 WL 56168·1996 U.S. App. LEXIS 8041
United States Court of Appeals for the Ninth CircuitFebruary 8, 199694-36033California593 words

Opinion

Opinion

77 F.3d 488 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. In re BUNKER LIMITED PARTNERSHIP, an Idaho limited partnership, Debtor. GULF U.S.A. CORPORATION, fka Gulf Resources & Chemical Corporation; Pintlar Corporation, Appellants, v. BUNKER LIMITED PARTNERSHIP, an Idaho limited partnership; Harry F. Magnuson, Appellees. No. 94-36033. United States Court of Appeals, Ninth Circuit. Argued and Submitted Dec. 6, 1995. Decided Feb. 8, 1996. Before: FLETCHER, KOZINSKI, and LEAVY, Circuit Judges. 1 MEMORANDUM * 2 Debtor acquired the assets and assumed the liabilities of Corporate Subsidiary. A condition of the sale required Debtor to reimburse Corporation for certain future expenses to be paid by Corporation on behalf of Subsidiary. One of Debtor's limited partners assumed the role of co-obligor by personally guaranteeing that he would reimburse Corporation for one-third of those expenses if Debtor should fail to do so. Debtor defaulted, the limited partner reneged,…

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