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Home / Opinion Digests / No ‘Mutual Mistake’ to Protect Guarantors (access required)

No ‘Mutual Mistake’ to Protect Guarantors (access required)

In plaintiff bank’s suit to collect from five guarantors on a note for a Chesapeake hotel’s $5.1 million loan secured by the hotel, the Norfolk U.S. District Court grants summary judgment to the bank as the guarantors have not shown any genuine issues of material fact as to their defenses of the statute of frauds ...

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