Confirm favorite deletion?
Contracts Keyed to Dawson
Classic Cheesecake Co. v. JPMorgan Chase Bank
Citation:546 F.3d 839.
Classic Cheesecake was a bakery that found a number of hotels and casinos in Las Vegas to purchase its products. In order to service its new customers it needed additional capital. Classic Cheesecake applied for a loan that would be partially guaranteed by the Small business Administration (SBA) through JPMorgan. Classic Cheesecake worked with Dowling, a JPMorgan bank vice president, to apply for the loan. Dowling asked for a number of financial documents from Classic Cheesecake and verbally assured Classic Cheesecake the loan would be approved if one of the principal’s delinquent student loans were paid off as required by the SBA. On August 19, 2004, Dowling received an email from a superior declining Classic Cheesecake’s request for the loan for numerous reasons including excessive leverage, lack of established earnings, inadequate cash flow, undercapitalization, insufficient revenues, reliance on projections, and the principal’s history of default (the delinquent student loans). However, Dowling continued to make assurances to Classic Cheesecake and did not advise Classic Cheesecake its loan was turned down until October 12, 2004. At that time, Dowling advised Classic Cheesecake of the concerns mentioned in the August 19 email.
Only StudyBuddy Pro offers the complete Case Brief Anatomy*
Access the most important case brief elements for optimal case understanding.
*Case Brief Anatomy includes: Brief Prologue, Complete Case Brief, Brief Epilogue
- The Brief Prologue provides necessary case brief introductory information and includes:
Topic:Identifies the topic of law and where this case fits within your course outline.
Parties:Identifies the cast of characters involved in the case.
Procedural Posture & History:Shares the case history with how lower courts have ruled on the matter.
Case Key Terms, Acts, Doctrines, etc.:A case specific Legal Term Dictionary.
Case Doctrines, Acts, Statutes, Amendments and Treatises:Identifies and Defines Legal Authority used in this case.
- The Case Brief is the complete case summarized and authored in the traditional Law School I.R.A.C. format. The Pro case brief includes:
Brief Facts:A Synopsis of the Facts of the case.
Rule of Law:Identifies the Legal Principle the Court used in deciding the case.
Facts:What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case.
Issue(s):Lists the Questions of Law that are raised by the Facts of the case.
Holding:Shares the Court's answer to the legal questions raised in the issue.
Concurring / Dissenting Opinions:Includes valuable concurring or dissenting opinions and their key points.
Reasoning and Analysis:Identifies the chain of argument(s) which led the judges to rule as they did.