The plaintiff and defendants both brought motions for summary judgment regarding a debt of $1,027,654.31 allegedly owed under a loan agreement and promissory note.
The individual defendant signed the agreements on behalf of a corporation that had not yet been incorporated.
The court dismissed both motions, finding genuine issues for trial regarding what funds were actually advanced, the complex repayment scheme, and whether the corporation adopted the pre-incorporation contracts through its subsequent conduct.
