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Home / Opinion Digests / Floor-Plan Financer Wins Against Guarantors (access required)

Floor-Plan Financer Wins Against Guarantors (access required)

Plaintiff Automotive Finance Corporation, which arranges floor-plan financing for several Northern Virginia used car dealers, wins summary judgment in an Alexandria U.S. District Court against defendant guarantors on promissory notes that funded defendant dealerships. Summary judgment will be entered in favor of plaintiff on count II in the amount of $3,156,149, and the court will convert ...

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