(Download) "Loving & Associates, Inc. v. Carothers" by Minnesota Court of Appeals # Book PDF Kindle ePub Free
eBook details
- Title: Loving & Associates, Inc. v. Carothers
- Author : Minnesota Court of Appeals
- Release Date : January 05, 2000
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 66 KB
Description
Petition for Review Denied February 13, 2001. Reversed and remanded Lansing, Judge OPINION Loving & Associates, Inc., sued Gibson Carothers to enforce a personal guaranty he issued to Loving to secure a line of credit to Lake Street Shirts, Inc. The district court granted Carothers summary judgment on Loving's claims, reasoning that the 1992 merger of Lake Street Shirts, Inc., and Stafford-Blaine Designs, Ltd., discharged Carothers's obligations under the guaranty by operation of law. Because we conclude that a merger does not necessarily discharge a guaranty by operation of law and that genuine issues of material fact remain to be decided, we reverse and remand.