Dockery v. Estate of Jack C. Massey

OPINION

CANTRELL, Judge.

In this case the plaintiff pleads lack of consideration and economic duress, to avoid the enforceability of certain deeds of trust she signed along with her husband. The Chancery Court of Davidson County granted summary judgment to the defendant. We affirm.

I

Joe Dockery was the president and chief executive officer of Automotive Franchise Corporation (AFC), the owner and franchisor of transmission repair shops. He, Jack Massey, and John Neff were the principal shareholders. In March of 1988 Dockery and Massey jointly borrowed $4,500,000 from the Sovran Bank and loaned it…