Contracts
Breach of Contract
Promissory Notes
Carter v. Orbeck, et al.
Published: Nov. 29, 2008 | Result Date: Oct. 27, 2008 | Filing Date: Jan. 1, 1900 |Case number: BC380046 Bench Decision – $701,572
Court
L.A. Superior Central
Attorneys
Plaintiff
Mark A. Schadrack
(Lewis, Brisbois, Bisgaard & Smith LLP)
Defendant
Facts
The plaintiff loaned money to the defendants on five separate occasions from August 2004 to July 2005. The loans were documented in promissory notes. The money plaintiff loaned to defendants was primarily for the purchase of real estate in Florida.
Contentions
PLAINTIFF'S CONTENTIONS:
The plaintiff contended that the defendants breached promissory notes executed by the defendants.
DEFENDANTS' CONTENTIONS:
Two of the defendants defaulted. The remaining defendants claimed the one form of action rule barred recovery.
Result
$701,572 for the plaintiff.
Other Information
FILING DATE: Oct. 31, 2007.
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