Corporation Can Enforce Loan Guaranties, Federal Judge Finds

Corporation Can Enforce Loan Guaranties, Federal Judge Finds

DETROIT - A federal judge in Michigan on Aug. 28 awarded summary judgment to a corporation that sued to enforce guaranty obligations relating to a loan, finding that the chain of title and the corporation's right to enforce the guaranties are found in the record (Fourteen Corp. v. Michael Magnoli Jr., et al., No. 13-11803, E.D. Mich.; 2013 U.S. Dist. LEXIS 122269).

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