[Download] "First Commercial Corp. v. Geter" by Supreme Court of Delaware # eBook PDF Kindle ePub Free

eBook details

Title: First Commercial Corp. v. Geter
Author : Supreme Court of Delaware
Release Date : January 26, 1976
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 57 KB

Description

The trial court found the following facts to be uncontroverted. In 1973 agreements were executed between FCC and Nassco of Denver, Inc., including several security agreements. Pursuant to such contracts, FCC advanced to Nassco in the form of a revolving loan the sum of $3,398,891. On the same date that the contracts were executed, Geter and two other individuals executed a personal guaranty with respect to all advances made by FCC to Nassco. Nassco defaulted on its obligations to FCC and was adjudicated a bankrupt on August 26, 1974.