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All Points Capital Corp. v. Boyd Brothers, Inc.

United States District Court for the Northern District of Florida
2011 WL 2790170 (2011)


Facts

Boyd Brothers, Inc. (Boyd) (defendant) entered into installment promissory notes with RCA Capital Corporation, a predecessor in interest to All Points Capital Corporation (All Points) (plaintiff). Boyd operated a printing business, and a significant portion of its customers were located along the coast of the Gulf of Mexico. Boyd defaulted on the promissory notes, and All Points sued Boyd for breach of contract. Boyd raised the defense of commercial impracticability based on a BP oil spill in the Gulf of Mexico. All Points filed a motion for summary judgment.

Rule of Law

Issue

Holding and Reasoning (Smoak, J.)

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