Guarantor Must Pay Back Company's Loan, Federal Judge Rules

Guarantor Must Pay Back Company's Loan, Federal Judge Rules

WEST PALM BEACH, Fla. - A federal judge in Florida on April 29 granted summary judgment to Branch Banking and Trust Co. (BB&T), which sued to recover on loans it acquired from a failed bank, finding that a guarantor "guaranteed that he would pay" a corporation's debt "in clear and unambiguous terms" (Branch Banking and Trust Co. v. Hamilton Greens LLC, et al., No.11-80507, S.D. Fla.; 2013 U.S. Dist. LEXIS 60675).

Find full version on lexis Advance®
Access this news story on lexis.com®