Fifth Circuit Holds that Surety Bonds Are Not Executory Contracts
The Fifth Circuit said in dicta that courts might apply the ‘functional approach’ rather than the Countryman test in deciding whether a triangular contract is executory.
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Case Details
Case Citation
Argonaut Ins. Co. v. Falcon V LLC (In re Falcon V LLC), 21-30668 (5th Cir. Aug. 11, 2022)
Case Name
Argonaut Ins. Co. v. Falcon V LLC (In re Falcon V LLC)
Case Type
Business