Stanley Forman Reed,
United States v. Marxen Monterey Brewing Company…
“ We can deal only with a claim of the Federal Housing Administration assigned to the United States after the adjudication in bankruptcy of the obligor. It is assumed that such a claim belongs to and is made by the United States. ”
Stanley Forman Reed,
United States v. Marxen Monterey Brewing Company…
“ It is not clear that a voluntary guarantor can recover in every jurisdiction from the involuntary principal who has not requested the service. [9] But even if we assume that such a guarantor may recover upon an implied promise of reimbursement, the rule is not effective here. The statement of the case and the question certified show that the claim in bankruptcy of the Government is based upon the note, duly assigned to it after bankruptcy. As no proof was made of any claim for reimbursement, such a claim is not involved. ”
Stanley Forman Reed,
United States v. Marxen Monterey Brewing Company…
“ The Administrator is authorized and empowered, upon such terms and conditions as he may prescribe, to insure banks * * * which are approved by him as eligible for credit insurance, against losses which they may sustain as a result of loans and advances of credit, and purchases of obligations representing loans and advances of credit, made by them * * * for the purpose of financing alterations, repairs, and improvements upon real property. ”
