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Home / Opinion Digests / Commercial – Revolving Promissory Note – Standing To Sue (access required)

Commercial – Revolving Promissory Note – Standing To Sue (access required)

Where the bank debited an escrow account maintained by a realty company in order to collect on a debt under a "revolving" promissory note, the buyer of the realty company's assets, who made its purchase prior to the bank's action, had standing to sue the bank on theories of conversion, breach of contract and breach ...

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