Contract – Promissory Note — Banks & Banking – Real Property – Laches — Environmental Degradation – Principal Payments
Carolina First Bank v. Stambaugh Even though the plaintiff-bank instituted foreclosure proceedings on defendants’ property, it remained defendants’ responsibility to provide erosion control on the property. No delay by the bank injured defendants; therefore, the equitable doctrine of laches is inapplicable.
The bank’s motion for summary judgment is granted.
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Published: January 12, 2012
Time posted: 3:42 pm
Tags: Banks & Banking, Contract, Environmental Degradation, Laches, Principal Payments, promissory note, Real Property







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