Boyd Family Partnership v. Ritter

Ritter, as CEO of the Focus Property Group, executed personal guarantees for these loans. 2 Eventually, Focus was unable to pay interest on its loans. As a result, Builder's Capital and Focus entered into a three-year forbearance agreement for each loan at issue. Because Boyd had not expressly consented to the forbearance agreements, he initiated a lawsuit contesting their enforceability. As the trial date for the lawsuit approached, Boyd, Ritter, and their respective counsel agreed to extend that date to provide the parties time to work out a resolution. During the next five months, the…