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Home / Opinion Digests / Business Law / Defendant lacks legal obligation to plaintiff in collection case (access required)

Defendant lacks legal obligation to plaintiff in collection case (access required)

Defendant is entitled to summary judgment in this collection case because plaintiff has produced no evidence of any legal obligation between defendant and the entity that defaulted on loans obtained from plaintiff. Facts Plaintiff FVCBank has sued defendant Transform Holdco on Feb. 26, 2020, to collect on construction loans made to Dominion. The loan was secured by ...