[Download] "William T. Vastine v. Bank Dallas" by Supreme Court Of Utah ~ eBook PDF Kindle ePub Free

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eBook details

• Title: William T. Vastine v. Bank Dallas
• Author : Supreme Court Of Utah
• Release Date : January 24, 1991
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 62 KB

Description

Respondent, Bank of Dallas, filed suit against Petitioner, William Vastine, to collect on Vastines personal guaranty of promissory notes executed by Advanced Communities, Inc. (ACI). The promissory notes were executed to finance construction of townhouses. Vastine originally guaranteed a total of $1,280,700, which covered two promissory notes of ACI. ACI defaulted on the second note and the Bank foreclosed on the security. The trial court rendered summary judgment against Vastine based on the guaranty and awarded $411,000 in deficiency damages, the amount of the second note less the foreclosure proceeds.

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