MR. Justice Rehnquist announced the judgment of the Court, and delivered an opinion in which The Chief Justice and Mr. Justice White join. In July 1958, petitioner loaned the sum of $15 million to a predecessor of respondent. The loan was secured by a pledge of United States Government bonds. The loan was renewed the following year, and in 1960 $5 million was repaid, the $10 million balance was renewed for on…
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