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Contract – Guaranty – Written Promise to Pay – Consideration – Forbearance (access required)

Klingstubbins Southeast, Inc. v. 301 Hillsborough Street Partners, LLC Letters from an LLC member to its creditor promised to pay the LLC’s debt. Combined with the creditor’s forbearance to sue, the letters allow the creditor’s claim of a guaranty to survive the LLC member’s motion to dismiss. We reverse the trial court’s grant of defendant Reynolds’ motion to dismiss.
By North Carolina Lawyers Weekly Staff 
Published: January 19, 2012
Time posted: 7:09 pm
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