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Home / Opinion Digests / Contract / Contract – Promissory Note – Guaranty – Guarantor’s Purchase – LLC Members (access required)

Contract – Promissory Note – Guaranty – Guarantor’s Purchase – LLC Members (access required)

A limited liability company was indebted to a bank pursuant to a promissory note, which was guaranteed by the LLC’s members. The bank could assign the guaranty contract to plaintiff, an entity created by one of the guarantor/members. We affirm summary judgment for plaintiff. We dismiss the defendant-guarantor/member’s argument as to piercing the corporate veil because ...

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